Haw. Code R. § 14-44-33 - Payment; board approval; distributions from designated Roth account
(a) Only emergency withdrawals which have
been approved by the board shall be made under the plan.
(b) Payments shall be made as directed by the
board and shall include amounts which are required to be withheld for income
tax purposes.
(c) If an emergency
withdrawal is not approved by the board, the administrator shall promptly
notify the participant in writing of the disapproval and the reason for the
disapproval.
(d) A distribution to
satisfy an approved emergency withdrawal shall not be permitted from the
designated Roth account.
Notes
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