You will receive an in-service distribution election kit either by mail to your home address or within your secure participant mailbox on Your BenefitsTM depending on your deliver preference.
Your kit will include these pieces:
- Instructions on what to do
- Pension Elections Worksheet for you to reference as you make decisions regarding your pension benefit
- Pension Calculation Statement showing the personal information that was used to calculate your pension benefit and an estimated amount of your benefit under each payment option that is available to you
- Pension Option Descriptions summarizing the payment options
- Notice of Rights outlining the legal information we are required to provide to you before you make your pension choices
- Special Tax Notice Regarding Plan Payments outlining the tax consequences of receiving your benefit
You will have an opportunity to make your benefit elections on Your BenefitsTM or by calling the RASC. After you’ve made your elections you will receive the following pieces that you would carefully review to make sure the information shown is accurate based on your personal situation:
- Pension Election Confirmation Statement summarizing the choices you made
- Pension Election Authorization Form that you need to complete and return to verify your choices
