Retirement Seminar
This 2024 Annual Retirement Seminar was held on Tuesday, May 7th.
The presentations were given by representatives from the Central Pension Fund, Health & Benefit Fund, Stacey Braun Associates, J.W. Thompson and the Annuity Fund.
For your reference, attached are the presentations shown at this year's Seminar.
1. JW Thompson – Investment Advice
2. Health & Benefits – Commercial Division & School Division
5. John Hancock Retirement Plan Services
If you would like more information or have questions regarding retirement, please contact:
Pension: Jillian Loughnane 212-331-1836
Annuity: Kimberly Antonaccio 212-331-1826
Health & Benefit: 212-541-9880
Social Security: 800-772-1213
Stacey Braun: 888-949-1925
JW Thompson: 888-453-1869
FAQs
Why is my defaulted loan appearing on my Annuity Fund statement (and why is it increasing)?
IRS regulations require loans that are deemed to be in default to be tracked and to accumulate interest until distribution. Disclosure rules require this information to be displayed on the statement. This amount is not invested, and it is not deducted from the invested amounts at distribution. A participant may pay back the defaulted loan in full plus interest at any time, and that repaid amount will not be taxable at distribution.