No you cannot. You have to take it all out, which means that you can’t be working for the contributor any longer.
The ASRS retirement plan is classified as a 401(a) defined benefit plan by the Internal Revenue Service (IRS). IRS regulations make no provision for taking a loan against a 401(a) plan as may be the case with other retirement savings plans, such as a 401(k) or voluntary 457 deferred compensation plans (such as the ASRS Supplemental Savings Plan), which may allow loans. To learn more: https://www.azasrs.gov/blog/member-question-can-i-take-loan-my-retirement
Is there a law where as a spouse gets a percentage of his dead wife retirement fund even tho he's not the beneficiary?
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