The content of this site does not constitute legal or tax advice. It provides only a general discussion of a particular type of retirement plan based on our general understanding of current federal tax laws. Please consult with your own legal and tax advisors regarding your individual circumstances. Withdrawals from qualified plans are taxed as ordinary income and may be subject to a 10% penalty if made prior to age 59½. Contractual charges may apply. Please refer to your plan documents for more details.
The Members Retirement Program (contract form #6059) is funded by a group variable annuity contract issued by AXA Equitable Life Insurance Company, NY, NY. (New York, NY 10104, 212-314-4600).
"AXA" is the brand name for AXA Equitable Financial Services, LLC family of companies, including AXA Equitable Life Insurance Company (AXA Equitable) NY, NY, issuer of annuity and life insurance products, and AXA Advisors, LLC, distributor of variable products. AXA S.A. is a French holding company for a group of international insurance and financial services companies, including AXA Equitable Financial Services, LLC. The obligations of AXA Equitable are backed solely by their own claims-paying ability. AXA Equitable and AXA Advisors do not provide tax or legal advice.