New change to retirement plan allows withdrawals, loans for eligible employees

OLLU has adopted CARES Act withdrawals and loans for Eligible Employees. Recent federal legislation known as the Coronvavirus Aid, Relief and Economic Security (CARES) Act allows OLLU to provide those impacted by COVID-19 with increased flexibility to access money from retirement accounts.

Eligible employees may now seek loans through CARES Act from their 403(b) Transamerica Retirement account.  This option will be available until Sept. 22, 2020. Read the attached information and contact Transamerica directly at www.ollu.trsretire.com or 800-755-5801 if you wish to make any transactions.