For more information about phased retirement, go to OPM.gov and click on the Retirement tab and then Phased Retirement. This program allows eligible employees to begin receiving annuity payments while working part time. The phased retirement program was signed into law by the Moving Ahead for Progress in the 21st Century Act. Individuals that reach age 70½ on January 1, 2020, or later may delay distributions until April 1 of the year following the year in which they turn age 72. Increase in age for mandatory distributions. The 10% additional tax on early distributions does not apply to qualified birth or adoption distributions. Withdrawals in the case of a birth or adoption of a child. The age restriction for contributions to a traditional IRA has been eliminated. Maximum age for traditional IRA contributions.

For more information, see Plan loan offset under Time for making rollover in Pub.

For distributions made in tax years beginning after December 31, 2017, you have until the due date (including extensions) for your tax return for the tax year in which the offset occurs to roll over a qualified plan loan offset amount. See Forms 8915-C, 8915-D, and 8915-F, as applicable, for more details.Įxtended rollover period for qualified plan loan offsets in 2018 or later. The additional tax on early distributions doesn't apply to qualified disaster distributions, including 2020 coronavirus-related distributions.

Free download survivors of order 66