Annuity Fund

  > Frequently Asked Questions

How much money do I have in my Annuity account?Can I contribute to the Annuity Fund?Can I specify how I want my individual account balance invested?What happens to my account if I die before I retire?Can I borrow money from the Fund?I recently became disabled and cannot work. Can I receive the money in my account?What happens if I get divorced?

How much money do I have in my Annuity account? 

You will receive an annual statement reflecting your work history, your balance and interest earned. You may also contact the Fund Office directly for your balance or visit the members-only pages of the website.

Can I contribute to the Annuity Fund? 

No. Only employer contributions are permitted.

Can I specify how I want my individual account balance invested? 

No. The Trustees work with professional investment advisors to invest participants’ account balances. Participants are not allowed to direct how their accounts are invested.

What happens to my account if I die before I retire? 

Your named beneficiary(ies) will be entitled to your annuity.

Can I borrow money from the Fund? 

Loans are available under certain circumstances, if you meet specific requirements. Refer to the Summary Plan Description for the Annuity Fund or contact the Fund Office to discuss your personal situation.

I recently became disabled and cannot work. Can I receive the money in my account? 

Yes, as long as you are considered totally and permanently disabled. Refer to the Annuity Fund Summary Plan Description or contact the Fund Office to discuss your options.

What happens if I get divorced? 

Contact the Fund Office if you’d like to name someone else as your beneficiary. If you get divorced before your Annuity Fund account balance payments start, your ex-spouse will no longer be entitled to any money from your account, unless there is a Qualified Domestic Relations Order that requires payment to him or her.