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457b distribution

I retired at age 55 as a public safety employee in California. Do I pay the 2.5% early withdrawal penalty on 457b distributions?  The federal 10% is exempt. 

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1 Reply
MinhT1
Employee Tax Expert

457b distribution

For California, there is an exception to the early withdrawal penalty for public safety employees after separation from service after age 50.

 

See this CA Revenue document.

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