3121 Social Security Alternative
In order to withdraw money from your 3121 plan, you must have a "qualifying event" as defined by the plan. Some examples of a qualifying event include:
- Severance from employment*
- No contributions to the plan for at least 2 years, and the amount of withdrawal is less than $5,000
- Reaching age 70 1/2 years
If you meet one or more of these conditions, you may request a Distribution Request Form from MidAmerica (800-430-7999) to complete and return to MidAmerica for processing. Processing generally takes 60 - 90 days.