During your working career, the contributions to your JRB account and the earnings on those contributions help you build a financially secure retirement. Since the goal of the Plan is to accumulate savings for retirement, most participants wait until they retire to withdraw their money.

Depending on your financial situation, you may also take withdrawals when one of the following occurs:

  • You reach age 59½.
  • You stop working for your current employer.
  • You become disabled.
  • You face a severe financial hardship.


In general, distributions from a retirement plan are taxed as ordinary income.  In addition, withdrawals prior to age 59½ may be subject to an early withdrawal penalty.  However, special tax rules apply to retired clergy.