RISING STAR ! The ultimate source to ace your NYPD Sergeant, Lieutenant, and Captain Exam Visit www.RisingStarPromotion.com to subscribe to our mailing list and get info on the next Sgt, Lt. or Captain Exam!

Members Login
Username 
 
Password 
    Remember Me  
Rising Star for the NYPD Sergeant, Lieutenant, and Captain Exam -> 2023 Lieutenant exam -> Deferred Comp Loan (Retirement)
Post Info TOPIC: Deferred Comp Loan (Retirement)
quitate54


Member

Status: Offline
Posts: 12
Date:
Deferred Comp Loan (Retirement)
Permalink  

Hey guys, may be a silly question. But can you take out a deferred comp loan prior to retirement? Or even right after for that matter?

 

any insight would be cool, thanks



__________________
Gabagool


Veteran Member

Status: Offline
Posts: 31
Date:
Permalink  

To add, can you start withdrawing from 457 upon retirement or have to wait til 59 1/2. Thanks

__________________
4th Time


Senior Member

Status: Offline
Posts: 310
Date:
Permalink  

www.nyc.gov/site/olr/deferred/dcp-withdrawals.page Try here.......

__________________
NauseousPBBN


Senior Member

Status: Offline
Posts: 343
Date:
Permalink  

Yes you can take loan up to 50k.

Yes you can withdraw at retirement. Don't need to wait until 59 1/2 unless you funded a 401k.

__________________
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.
Rising Star for the NYPD Sergeant, Lieutenant, and Captain Exam -> 2023 Lieutenant exam -> Deferred Comp Loan (Retirement)
Tweet this page Post to Digg Post to Del.icio.us