The Financial Realities of Elder Care & Long-Term Care Insurance
Members with existing core and Plan-to-Plan transfer accounts as of 12/31/08 who transfer money from another 403(b) into the plans on or after 12/31/08 will have their current account subject to the plan rules as of 12/31/08. Any subsequent Plan Transfers will be subject to the five years of service restriction on Plan Transfer Account Withdrawals.
If you are a current premium-paying member of any MMBB Plan, an inactive Plan member or an MMBB annuitant, eligible to participate in the MMBB Benefit Plans based on your employment, you are eligible to have a Plan transfer of 403(b) accounts to MMBB.
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