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.

CONSULT A TAX PROFESSIONAL!

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