The CARES Act allows penalty-free coronavirus-related withdrawals of up to $100,000 from a URS Savings Plan for qualifying members.
To qualify, you must:
The total amount you can withdraw is limited to $100,000 across all of your retirement plans and must be made before December 31, 2020. The federal income tax associated with the withdrawal may be paid over three years, beginning with taxable year 2020. The distribution may be repaid, in one or more contributions, to an eligible retirement plan within three years of distribution.
Withdrawals from your 401(k) may only be made from vested account balances attributable from employee elective deferrals (but not earnings on those elective deferrals).
Download the Coronavirus-Related Distribution Form at myURS to request a distribution under this provision.