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Rollovers and Withdrawals

You may…

  • Be able to roll over your account balance from another retirement plan into your Defined Contribution Plan.
  • Make withdrawals while you are working if you are at least age 59½, or in the case of serious financial hardship.
  • Borrow from your account.


  • If you make withdrawals after age 59½, the IRS's 10% tax penalty on early distributions is waived.
  • If your employment terminates and you are at least age 55, the 10% tax penalty is also waived.
  • If you are facing a financial hardship, you can make a withdrawal with the consent of your employer and plan administrator.
  • The taxable portion of your account is subject to mandatory federal income tax withholding unless it is directly rolled over to an IRA or another retirement plan.


You may take out a loan from your account, but loans are subject to the following:

  • In general, you can borrow up to half of your account balance – up to $50,000.
  • The minimum loan amount is $500.
  • The maximum repayment period is five years – 15 years if the loan is for the purchase of your primary residence.
  • You cannot have more than two loans outstanding at one time.
  • A fee will be applied to your account if you initiate a loan.
  • Loans are repaid by Automatic Clearing House debits through your bank account.

Pensions Disclaimer

Right Rail

Revisions to Lay DB and Lay DC Plans

The Church Pension Fund has announced revisions to the Lay DB Plan, Lay DC Plan, and the RSVP effective January 1, 2018.
 Learn more

If you are planning on retiring in 2018, contact CPG to schedule a discussion at 
(866) 802-6333
Monday – Friday
8:30AM – 8:00PM ET
(excluding holidays)