Other Information

Lump-Sum Payments of Small Amounts

If the lump-sum value of your expected payments (as determined by the Plan’s actuaries) is less than a certain amount (currently $5,000) established by the federal government and subject to change from time to time, the Board of Trustees shall direct that a lump-sum payment be made to you in full settlement of all your benefits under the Plan.


In the event you have questions or concerns about your personal tax situation upon retirement, you should consult with a qualified tax professional.