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What if I switch employers? Would I
lose any of my deferrals?
No. All of your
personal contributions and all the earnings on your contributions
are 100% nonforfeitable ("vested") and owned by you. If your
employment ends for any reason, the money is yours to take with you.
If your new
employer sponsors a retirement plan, you may transfer the funds from
your current employer directly to your new employer's plan. If your
new employer does not provide a retirement plan, you may transfer
your funds directly to an Individual Retirement Account, in your
name, thereby avoiding income tax on the distribution.
Please refer to QPA's
Retirement Plan Rollover Chart
for specific examples. |