cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
New Member

Cash out of pension prior to vesting

I worked for the state of California which has a pension that only vests after three years. If you left prior to vesting, you could cash out your contributions to the pension. I received a 1099-R. Is there an exception that I can use to avoid the extra hit as an early distribution (which no one told me it was).

1 Reply
Highlighted
Expert Alumni

Cash out of pension prior to vesting

Click this link for info on Early Withdrawal Penalty Exceptions.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"