Former Employees with Vested Benefits
As part of the Pension Plan restructuring, former employees who have vested benefits have a one-time, voluntary option to receive payment of his or her benefit as either a lump sum or a monthly annuity, regardless of age. For additional information regarding these changes, please contact the Benefits Office at 617-746-5640 or email pension@rcab.org.
As part of the Pension Plan restructuring, former employees who have a vested benefit will have a one-time, voluntary option to receive payment of his or her benefit as either a lump sum or a monthly annuity, regardless of age.
Between March 28, 2013 and May 31, 2013, eligible participants will have the opportunity to elect to receive either a lump sum payment or a monthly annuity payment of your vested benefit.
What you need to know
If you are interested in receiving either a lump sum payment or a monthly annuity ,please review the following materials in conjunction with the individual election package that was recently mailed to you:
- Letter to Former Employees with Vested Benefits (March 2013)
- A checklist to remind you of the steps you need to take to make an election
- Frequently Asked Questions
- Required Rollover and Tax Notice
- Lump Sum Estimate Worksheet
- Pension Information Meetings – Schedule of dates and times
Additional Information
For questions regarding these changes and the next steps you should take, please call the Pension Information Line at 617-746-5640 or email pension@rcab.org
