The 401K Trustees have approved a new hardship withdrawal for the COVID-19 epidemic. Employees who are involuntarily laid off or terminated from employment under the Plan in connection with the coronavirus (COVID-19) epidemic can withdraw up to $20,000 (plus, at your option, applicable state and federal taxes (20% federal tax withholding)) every 90 days.
Pursuant to the CARES Act, the 10% early withdrawal penalty is waived during 2020.
IATSE Local 13
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