What are the exceptions to the premature distribution penalties?
• Distribution made to a beneficiary or individual’s estate, on or after the death of the individual. • Disability of the individual. • For distributions which are part of a series of substantially equal periodic payments made at least annually for the life or life expectancy of the employee or the joint lives or joint life expectancies of the employee and his/her designated beneficiary and beginning after the employee separates from service of the employer. • Distributions made to the employee after separation from service after attainment of age 55, or made to certain employees who were separated from service as of March 1, 1986. • Distributions made to an alternate payee under a qualified domestic relations order. • Distributions made to an employee for medical care, but not in excess of the amount allowable as a deduction to the employee for amounts paid during the taxable year for medical care (determined without regard to whether the individual itemizes). Thus, only amounts in ex
