Page 38 - AprDefComp

Other possible participant relief

• Other possible loan suspensions

• Authorized leave of absence

• Suspend for period of LOA - only up to one year

• Interest continues to accrue

• When payments resume, loan must be paid off within
five years of loan date

• Military leave

• Suspend for period of service - only up to five years

• Interest continues to accrue

• When payments resume, loan does not need to be
paid off within five years of loan date

• Hardship withdrawals

• More stringent criteria than Coronavirus-related distributions

• Review your plan document for options

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