Retirees and Beneficiaries
In October 2010, the Roman Catholic Archdiocese of Boston announced a number of changes that would be made to the Pension Plan. It’s important to understand that none of the changes affect retirees who have already commenced their retirement benefits, nor do they affect surviving spouses receiving pension payments.
Lump sum option update
As you may be aware, since the Summer of 2010, the RCAB Pension Plan Board of Trustees has considered offering a voluntary one-time lump sum payment option to retirees and surviving spouses/beneficiaries that would be in lieu of future monthly payments. After careful review of this option, the Trustees of the RCAB Pension Plan have decided that a voluntary lump sum payment option will not be available to current retirees and surviving spouses/beneficiaries at this time.Click on the link below to review the letter sent to retirees last fall:
Updated information will be posted as it becomes available, so please continue to visit this page periodically to learn more.
For questions regarding these changes and the next steps you should take, contact us at 617-746-5640 or email firstname.lastname@example.org.