If and when we enter into other types of allowable contracts, we will include them for deferral purposes. 457 Plan, subject to certain limitations based on coordination with other retirement plans you may participate in. Deferrals over those amounts are allowed to be placed in the Premium Plan. There are no limits, in absolute dollars, on amounts that can be placed in the Premium Plan. 457 Plan begin the earlier of retirement, disability or death, however in no case later than when you reach age 70 .
Distributions are allowable in the event of certain approved hardship situations.
Under the Sec. 457 Plan you have the option of receiving the distribution in a lump sum or in equal installments over five years. Distributions from the Premium Plan also begin on the earlier of retirement, disability or death. Distributions are paid in a lump sum. Your compensation deferred under the Sec.