CARES Act Distributions allowed under the WWURP and VIP until 12/30/2020

Considering a WWURP and VIP distribution related to COVID-19? 

The Western Washington University Retirement Plan (WWURP) is allowing a Coronavirus (CARES Act) Distribution. 

Important details and requirements:

If you qualify for a Coronavirus (CARES Act) Distribution, you must take this transaction before requesting any available hardship withdrawals. You may be eligible for this distribution if you, your spouse, or dependent have been diagnosed with COVID-19, or if due to COVID-19 you have experienced adverse financial consequences because you, your spouse, or a member of your household was quarantined, furloughed or laid off, or had work hours reduced; was unable to work due to lack of childcare; a business owned or operated by you, your spouse, or a member of your household closed or reduced hours; or had a reduction in pay or self-employment income, or had a job offer rescinded or start date for a job delayed. You may pay the income tax on this distribution evenly over a 3-year period and there's no 10% early withdrawal penalty. You can repay this distribution if you want, and you have 3 years to do it.

For details and to request a distribution, please contact Fidelity at 800-343-0860.