At retirement or separation of service from the university, you can withdraw this money in lump sum amounts or over time, subject to plan limitations. Before you have retired, you may begin to withdraw this money at age 59Â½.
Oceania is an area in the Pacific. It contains several countries including Australia, New Zealand and many Pacific Islands. Here's a link to Wikipedia's article on Oceania: http://en.wikipedia.org/wiki/Oceania. A continent is one of several large landmasses on Earth.
For example, Oceania is also the name of one of eight terrestrial ecozones. However, New Zealand, New Guinea, Melanesia apart from Fiji, and Australia all make up the separate Australasian ecozone. Those countries are generally included when the name Oceania is used as a continent.