TexasCHLforum.com

I don't know anything about their pension plan. I had a defined benefit plan, but we couldn't draw funds from it. We could borrow from our 401K plans (against our own contributions, not the matched funds). If you had an outstanding loan balance at the time of retirement it was considered a withdrawal and subject to all the rules for 401 withdrawals and IRS tax code. I am not familiar with civil service plans, but since it's the government I sure it's extremely favorable to retirees. If they can get to money put in by the city it's nonsensical to me, because retirement funds while earned, should not be payable prior to retirement. I couldn't take out money from SS before I was retirement age.