The primary purpose of a retirement savings account is to build a financially secure future for you and your family.The retirement plans include provisions regarding when you can request a distribution from the plan during Ohio State employment and after separation from Ohio State service. The following information outlines the types of distribution for the Ohio State retirement plans and how distributions work.
For OPERSand STRSretirement accounts, please contact the retirement system for information on distributions.
Accessing Your Funds
How to Request a Distribution
The tool below describes how to take a distribution from your retirement account. The instructions will vary based on your reason for taking a distribution. To use the tool, select your current status, provider and plan using the drop-down menus. The result will include separate instructions for each potential purpose of a distribution.
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Plan Name distribution options for Current/Former Employees with [PROVIDER]
See provider contact information
Request an unforeseeable emergency withdrawal
Contact [PROVIDER] to discuss your eligibility. [PROVIDER] will instruct you on the necessary paperwork.
Request a loan from my 403(b) account
Contact [PROVIDER] about loan eligibility. If eligible, complete [PROVIDER] required paperwork. NOTE: Loans are only available at approved 403(b) providers. If your balance is currently at a legacy provider, you must transfer your 403(b) balance to an approved 403(b) provider to take a loan. To be eligible for a loan, you must have a total account balance of at least $2,000. The minimum loan amount is $1,000. You may only have one existing loan at a time.
Request a hardship distribution
Contact [PROVIDER] about eligibility for a hardship distribution. If eligible, complete [PROVIDER] required paperwork.
Request a distribution due to severance of employment
Contact [PROVIDER] about eligibility. If eligible, complete [PROVIDER] required paperwork. Allow 1-2 weeks for [PROVIDER] to process your distribution.
Request a distribution due to disability
Request the distribution paperwork from [PROVIDER]. Submit completed paperwork to [PROVIDER]. Allow 1-2 weeks for [PROVIDER] to process your distribution.
Request a distribution after obtaining age 59½.
Request the distribution paperwork from [PROVIDER]. Submit completed paperwork to [PROVIDER]. Allow 1-2 weeks for [PROVIDER] to process your distribution.
Take a Required Minimum Distribution (RMD)
The plan document requires your RMD to begin at the applicable time regardless of employment status. Contact [PROVIDER] to discuss your RMD.
The plan document requires your RMD to begin at the applicable time. While you are not required to start your RMD while actively employed, you may opt to. Contact [PROVIDER] to discuss your RMD.
Take a Required Minimum Distribution (RMD)
The plan document requires your RMD to begin at the applicable time. Contact [PROVIDER] to discuss the timing of your RMD.
The plan document requires your RMD to begin at the applicable time and you must begin your RMD if no longer employed. Contact [PROVIDER] to discuss your RMD.
Process a Qualified Domestic Relations Order (QDRO) request
QDROs are handled by your attorney and [PROVIDER] directly. Ohio State does not provide any information related to QDROs.
Purchase service credit
Contact OPERS at (800) 222-7377 or STRS at (888) 227-7877 to discuss purchasing service credit.
Request an In-plan Roth conversion within my Ohio State Plan Name account at [PROVIDER]
Contact [PROVIDER] to discuss converting your pretax balance to Roth. You will be responsible for paying any taxes for the year in which you convert pretax assets to Roth. Consult with a tax advisor or qualified financial professional before making an in-plan Roth conversion.
NOTE: In-plan Roth conversions are not available at Ohio Deferred Compensation (ODC).
Request an In-plan Roth conversion with an approved 403(b) provider
You must transfer your balance from your current 403(b) account to an approved 403(b) provider. Choose your new 403(b) provider (Corebridge Financial, Fidelity, TIAA or VOYA) at NetBenefits. Once you ensure your new 403(b) account is established and your funds have been transferred, you can begin the conversion process. Request the provider transfer paperwork from your new provider. Submit the completed paperwork to your new provider.
You will be responsible for paying any taxes for the year in which you convert pretax assets to Roth. Consult with a tax advisor or qualified financial professional before making an in-plan Roth conversion.
Request an In-plan Roth conversion with an approved 403(b) provider
You must transfer your balance from your current 403(b) account to an approved 403(b) provider. Choose your new 403(b) provider (Corebridge Financial, Fidelity, TIAA or VOYA). Once you ensure your new 403(b) account is established and your funds have been transferred, you can begin the conversion process. Request the provider transfer paperwork from your new provider. Submit the completed paperwork to your new provider.
You will be responsible for paying any taxes for the year in which you convert pretax assets to Roth. Consult with a tax advisor or qualified financial professional before making an in-plan Roth conversion.
Request an In-plan Roth conversion with an approved 457(b) provider
You must transfer your balance from your current 457(b) account to an approved 457(b) provider. Contact [PROVIDER] to discuss converting your pretax balance to Roth. Go to NetBenefits and choose your new provider for future contributions. You will be responsible for paying any taxes for the year in which you convert pretax assets to Roth. Consult with a tax advisor or qualified financial professional before making an in-plan Roth conversion. NOTE: In-plan Roth conversions are not available at Ohio Deferred Compensation (ODC).
Request an In-plan Roth conversion with an approved 457(b) provider
You must transfer your balance from your current 457(b) account to an approved 457(b) provider. Contact [PROVIDER] to discuss converting your pretax balance to Roth. Choose your new provider for future contributions. You will be responsible for paying any taxes for the year in which you convert pretax assets to Roth. Consult with a tax advisor or qualified financial professional before making an in-plan Roth conversion. NOTE: In-plan Roth conversions are not available at Ohio Deferred Compensation (ODC).
Transfer my existing [PROVIDER] balance to an Ohio State approved provider within the same plan
Go to NetBenefits and choose your new provider for future contributions. Ensure your ARP account is open at your new provider, and select your investments and name beneficiaries. Request the transfer paperwork from your new provider: Corebridge Financial, Fidelity, TIAA or Voya. Submit completed paperwork to your new provider. Allow 1-2 weeks for [PROVIDER] to process your transfer.
Choose your new 403(b) provider (Corebridge Financial, Fidelity, TIAA or VOYA) at NetBenefits. Select your investments and name beneficiaries. Once your new account is established, request the transfer paperwork from your new provider. Submit the completed paperwork to your new provider.
Choose your new 457(b) provider (Fidelity or TIAA) at NetBenefits. Select your investments and name beneficiaries. Once your new account is established, request the provider transfer paperwork from your new provider. Submit the completed paperwork to your new provider. Allow 1-2 weeks for [PROVIDER] to process your transfer.
Select investments and name your beneficiaries. Once your new account is established, request the provider transfer paperwork from your new provider. Submit the completed paperwork to your new provider. Allow 1-2 weeks for [PROVIDER] to process your transfer.
Transfer my existing [PROVIDER] balance to an Ohio State approved provider within the same plan
Choose your new provider for future contributions. Ensure your ARP account is open at your new provider, and select your investments and name beneficiaries. Request the transfer paperwork from your new provider: Corebridge Financial, Fidelity, TIAA or Voya. Submit completed paperwork to your new provider. Allow 1-2 weeks for [PROVIDER] to process your transfer.
Choose your new 403(b) provider (Corebridge Financial, Fidelity, TIAA or VOYA). Select your investments and name beneficiaries. Once your new account is established, request the transfer paperwork from your new provider. Submit the completed paperwork to your new provider.
Choose your new 457(b) provider (Fidelity or TIAA). Select your investments and name beneficiaries. Once your new account is established, request the provider transfer paperwork from your new provider. Submit the completed paperwork to your new provider. Allow 1-2 weeks for [PROVIDER] to process your transfer.
Select investments and name your beneficiaries. Once your new account is established, request the provider transfer paperwork from your new provider. Submit the completed paperwork to your new provider. Allow 1-2 weeks for [PROVIDER] to process your transfer.
Rollover funds from a retirement account into an approved Ohio State plan
Contact your original provider and complete any necessary paperwork. Request the rollover paperwork from Corebridge Financial, Fidelity, TIAA or Voya.
Contact your original provider and complete any necessary paperwork. Request the rollover paperwork from Fidelity or Voya.
Contact your original provider and complete any necessary paperwork. Request the rollover paperwork from Fidelity.
Rollover funds from an eligible retirement account into an approved Ohio State plan
Contact your original provider and complete any necessary paperwork. Request the rollover paperwork from Corebridge Financial, Fidelity, TIAA or Voya. Go to NetBenefits and choose your new provider for future contributions. This will ensure future contributions are sent to your new provider.
Update my investment selections to the current investment lineup
To update your investment allocation to the current lineup, please refer to the NetBenefits User Guide for instructions.
To update your investment allocation to the current lineup, please contact [PROVIDER].
Request a distribution due to a death
Distributions due to death are handled by [PROVIDER] directly. Ohio State does not maintain any personal information related to distributions due to death.
Plan Name distribution options for Current/Former Employees with [PROVIDER]
See provider contact information
Request a distribution due to severance of employment
Complete the Retirement Distribution Certification Request form and submit it to HR as shown at the end of the form. You will receive a certificate within two working days. Request distribution paperwork from [PROVIDER]. Submit the certificate and completed paperwork to [PROVIDER]. Allow 1-2 weeks for [PROVIDER] to process your distribution.
Request a distribution due to disability
Request thedistribution paperwork from [PROVIDER]. Submit completed paperwork to [PROVIDER]. Allow 1-2 weeks for[PROVIDER] to process your distribution.
Request a distribution after obtaining age 59½.
Request thedistribution paperwork from [PROVIDER]. Submit completed paperwork to [PROVIDER]. Allow 1-2 weeks for[PROVIDER] to process your distribution.
Take a Required Minimum Distribution (RMD)
The plan document requires your RMD to begin at the applicable time regardless of employment status. Contact [PROVIDER] to discuss your RMD.
The plan document requires your RMD to begin at the applicable time. Contact [PROVIDER] to discuss the timing of your RMD.
Take a Required Minimum Distribution (RMD)
The plan document requires your RMD to begin at the applicable time. Contact [PROVIDER] to discuss the timing of your RMD.
Process a Qualified Domestic Relations Order (QDRO) request
QDROs are handled by your attorney and [PROVIDER] directly. Ohio State does not provide any information related to QDROs.
Purchase service credit
Contact OPERS at (800) 222-7377 or STRS at (888) 227-7877 to discuss purchasing service credit.
Request an In-plan Roth conversion with an approved 403(b) provider
You must transfer your account balance(s) to an approved Ohio State pretax plan provider. Choose your new 403(b) provider (Corebridge Financial, Fidelity, TIAA or VOYA) atNetBenefits. Once you ensure your new 403(b) account is established, you can begin the conversion process. Request the provider transfer paperwork from your new provider. Submit the completed paperwork to your new provider.
You will be responsible for paying any taxes for the year in which you convert pretax assets to Roth. Consult with a tax advisor or qualified financial professional before making an in-plan Roth conversion.
Request an In-plan Roth conversion with an approved 403(b) provider
You must transfer your balance from your current 403(b) account to an approved 403(b) provider. Choose your new 403(b) provider (Corebridge Financial, Fidelity, TIAA or VOYA). Once you ensure your new 403(b) account is established and your funds have been transferred, you can begin the conversion process. Request the provider transfer paperwork from your new provider. Submit the completed paperwork to your new provider.
You will be responsible for paying any taxes for the year in which you convert pretax assets to Roth. Consult with a tax advisor or qualified financial professional before making an in-plan Roth conversion.
Request an In-plan Roth conversion with an approved 457(b) provider
You must transfer your balance from your current 457(b) account to an approved 457(b) provider. Contact [PROVIDER] to discuss converting your pretax balance to Roth. Go to NetBenefits and choose your new provider for future contributions. You will be responsible for paying any taxes for the year in which you convert pretax assets to Roth. Consult with a tax advisor or qualified financial professional before making an in-plan Roth conversion. NOTE: In-plan Roth conversions are not available at Ohio Deferred Compensation (ODC).
Request an In-plan Roth conversion with an approved 457(b) provider
You must transfer your account balance(s) to an approved Ohio State pretax plan provider. Once you ensure your new 457(b) account is established, you can begin the conversion process. Request the provider transfer paperwork from your new provider. Submit the completed paperwork to your new provider. NOTE: In-plan Roth conversions are not available at Ohio Deferred Compensation (ODC).
You will be responsible for paying any taxes for the year in which you convert pretax assets to Roth. Consult with a tax advisor or qualified financial professional before making an in-plan Roth conversion.
Transfer my existing [PROVIDER] balance to an Ohio State approved provider within the same plan
Go toNetBenefitsand choose your new provider for future contributions. Ensure your ARP account is open at your new provider and select your investments and named beneficiaries. Request the transfer paperwork from your new provider: Corebridge Financial, Fidelity, TIAA or Voya. Submit completed paperwork to your new provider. Allow 1-2 weeks for[PROVIDER] to process your transfer.
Choose your new 403(b) provider (Corebridge Financial, Fidelity, TIAA or VOYA) atNetBenefits. Select investments and name your beneficiaries. Once your new account is established, request the transfer paperwork from your new provider. Submit the completed paperwork to your new provider. Go toNetBenefitsto update your retirement provider election.
Choose your new 457(b) provider (Fidelity, TIAA) at NetBenefits or at ohio457.org for Ohio Deferred Compensation (ODC). Select investments and name your beneficiaries. Once your new account is established, request the provider transfer paperwork from your new provider. Submit the completed paperwork to your new provider. Allow 1-2 weeks for [PROVIDER] to process your transfer.
Transfer my existing [PROVIDER] balance to an Ohio State approved provider within the same plan
Ensure your ARP account is open at your new provider and select your investments and name beneficiaries. Request the transfer paperwork from your new provider: CoreBridge Financial, Fidelity, TIAA or Voya. Submit completed paperwork to your new provider. Allow 1-2 weeks for[PROVIDER] to process your transfer.
Ensure your ARP account is open at your new provider and select your investments and name beneficiaries. Request the transfer paperwork from your new provider: CoreBridge Financial, Fidelity, TIAA or Voya. Submit completed paperwork to your new provider. Allow 1-2 weeks [PROVIDER] to process your transfer.
Choose and contact an approved 457(b) provider (Fidelity, ODC, or TIAA) regarding your transfer. Select investments and name your beneficiaries. Once your new account is established, request the provider transfer paperwork from your new provider. Submit the completed paperwork to your new provider. Allow 1-2 weeks for [PROVIDER] to process your transfer.
Rollover my existing [PROVIDER] balance to another retirement account not associated with Ohio State
Contact your new provider to discuss your rollover. Complete the Retirement Distribution Certification Request form and submit it to HR as shown at the end of the form. You will receive a certificate within two working days. Request any necessary paperwork from [PROVIDER]. Submit certificate and completed paperwork to [PROVIDER]. Allow 1-2 weeks for your new provider to receive and post the rollover to your account.
Rollover funds from a retirement account into an approved OSU plan
Contact your original provider and complete any necessary paperwork.Request the rollover paperwork fromCorebridge Financial,Fidelity, TIAA orVoya.Go toNetBenefitsand confirm your ARP provider election.
Rollover funds from an eligible retirement account into an approved Ohio State plan
Contact your new provider to discuss your rollover. Complete any necessary paperwork. Contact [PROVIDER]. Allow 1-2 weeks for your new provider to receive and post the rollover to your account.
Contact your new provider to discuss your rollover. Complete any necessary paperwork. Contact [PROVIDER] and ask for any necessary paperwork. Allow 1-2 weeks for your new provider to receive and post the rollover to your account.
Update my investment selections to the current investment lineup
You must transfer your account balance(s) to an approved provider to participate in the tiered investment lineup. Contact [PROVIDER] about any necessary rollover paperwork.
You must transfer your account balance(s) to an approved provider to participate in the tiered investment lineup. Contact [PROVIDER] about any necessary paperwork. Complete rollover paperwork with your new provider.
You must transfer your account balance(s) to an approved provider to participate in the tiered investment lineup. Contact [PROVIDER] about any necessary paperwork. Complete rollover paperwork with your new provider. Go to NetBenefits and choose your new provider for future contributions.
You must transfer your account balance(s) to an approved provider to participate in the tiered investment lineup. Contact [PROVIDER] about any necessary paperwork. Complete rollover paperwork with your new provider.
You must transfer your account balance(s) to an approved provider to participate in the tiered investment lineup. Contact [PROVIDER] about any necessary rollover paperwork. Go to NetBenefits or ohio457.org for Ohio Deferred Compensation (ODC) and choose your new provider for future contributions.
Note: Ohio Deferred Compensation maintains their investment listing.
You must transfer your account balance(s) to an approved 457(b) provider to participate in the tiered investment lineup. Contact [PROVIDER] about any necessary rollover paperwork. Contact your new provider and request any applicable paperwork.
Note: Ohio Deferred Compensation maintains their investment listing.
Request a distribution due to a death
Distributions due to death are handled by [PROVIDER] directly. Ohio State does not maintain any personal information related to distributions due to death.
Plan Name distribution options for Current/Former Employees with [PROVIDER]
Please contact Ohio Deferred Compensation at (877) 644-6457 to discuss your account options.
