Distribution Procedures Forms are available on the Empower participant website or by contacting the Plan Administrator at 303-221-5900.

About Distribution Procedures

The various types of distribution transactions available to AP-MPPP participants are as follows. To obtain the required forms associated with each distribution type, contact the plan administrator or download them from the participant website. Such distributions include:

  • Qualified Domestic Relations Order or QDRO (for divorce proceedings)

  • Lump Sum Distribution, Installments and Rollovers out of AP-MPPP(after separation of service; also use this form for distributions of rollover contributions)

  • In-Service Distribution (upon attaining age 50 or greater)

  • Disability (permanent disability resulting from on-duty or off-duty injury or illness)

Note about taxation:

  • It is important to note that distributions taken prior to attaining age 59 ½ may be subject to an IRS early distribution penalty tax equal to 10% of the gross distribution. While exemptions to this rule exist (including divorce, early retirement, disability, and rollovers out of the Plan), participants are strongly encouraged to read the Special Tax Notice, contact the Plan Administrator, and/or consult a tax professional for guidance prior to taking a distribution from your AP-MPPP account.

Additionally, you can find procedures and forms for the following events:

  • Direct Rollover (contributions into the AP-MPPP from other qualified retirement plans)

  • Beneficiary Designation (specify who inherits your account in the event of your death)

AP-MPPP participants should consider their post-retirement finances prior to requesting a distribution or establishing monthly installment payments. Our Retirement Budget Worksheet will help set expectations and improve your overall financial literacy when nearing retirement.

The benefits and consequences associated with your distribution options are unique, and your decision can have long-lasting implications. Please review the distribution checklist to help make an informed decision and contact your local pension office at apdretire@innovestinc.com.