Std 687 2026

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No, you cant borrow from your CalPERS retirement account to buy a house. If youre leaving CalPERS employment, you can elect to take a refund of your contributions plus interest. Employer contributions arent refundable. However, taking a refund ends your CalPERS membership.
If you receive your refund before age 59 years, you may have to pay an additional 10% federal income tax and an additional 2.5% state income tax for early distribution.
Individuals must pay an additional 10% early withdrawal tax unless an exception applies. Use Form 5329 to report distributions subject to the 10% additional tax on early distributions from a qualified retirement plan, including traditional IRAs.

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