Southwest Service Administrators, Inc.
New Mexico Electricians Retirement Benefit Fund
"Coronavirus Aid, Relief and Economic Security Act "
DEADLINE TO COMPLETE AN APPLICATION : TUESDAY, DECEMBER 21, 2020
Starting July 10, 2020 participants may take up to $100,000 in coronavirus-related distributions from their retirement plan. The provision waives the 10% early withdrawal tax penalty that is generally imposed on early distributions from qualified retirement plans
- Member who is diagnosed with COVID-19
- Members spouse or dependent is diagnosed with COVID-19
- Members who have experiences adverse financial consequences as a result of being quarantined
Example: Furloughed, laid off, having to work reduced hours, being unable to work due to lack of childcare because of COVID-19, closing or reducing hours of a business owned or operated by the individual because of COVID-19
Request a coronavirus-related distribution:
The coronavirus-related distribution forms are available on the Start Right website under Alerts. To access these forms, sign into your account at startright.bokf.com and click on the bell icon in the top right corner of the web page next to your name.
If you have trouble logging into your account, you will need to contact our Participant Services Group at 800-876-9557 for help in logging into your account.
Please note, our Participant Services Group will ask you a number of questions to confirm your identity.