403b EMPLOYEE TERMINATION NOTICE FOR EMPLOYERS ONLY 2025

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California: Employers must give employees immediate written notice plus pamphlets that detail options for unemployment insurance, disability insurance, and paid family leave.
At least 60 days and no more than 90 days before the proposed termination date, the plan administrator must issue a notice of intent to terminate to each person (other than the PBGC) that is an affected party as of the proposed termination date.
You can roll over the funds into another retirement plan, cash out your 403(b) plan, or keep the funds in the 403(b) plan. The decision will depend on your work situation, your investment experience, the costs of various investment choices, and your goals for investing the funds.
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