Question about early withdrawal penalties
I am thinking about rolling my Public School Employee Retirement System (PSERS) contributions to a traditional IRA. The rollover of the $32,737 would be tax free. PSERS rules requires that I start taking a pension to do this. This pension would be structured as an annuity and taxed at ordinary income. Since I would be taking the pension before the age of 59.5 would the pension payments also receive an early withdrawal penalty? Since the withdrawals are structured as an annuity would I qualify for an exception to the IRS early withdrawal tax? I want to confirm that this qualifies under this equal payments exemption: https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-exceptions-to-tax-on-early-distributions#:~:text=Generally%2C%20the%20amounts%20an%20individual,tax%20unless%20an%20exception%20applies
