permissible withdrawal
Defined in 1 place of the United States Code.
The term “permissible withdrawal” means any withdrawal from an eligible automatic contribution arrangement meeting the requirements of this paragraph which—
(i) is made pursuant to an election by an employee, and
(ii) consists of elective contributions described in paragraph (3)(B) (and earnings attributable thereto).
Source
- 2006–present26 U.S.C. § 414Internal Revenue Code · Definitions and special rules · for purposes of this part