Ufcw tri state pension fund 2025

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No, unless the actuarial value of your pension benefit is $5,000 or less as of your date of retirement. If the value of your pension benefit is more than $5,000, you cannot receive a lump sum payment of your benefit.
To check your workplace and personal pensions, you can look at your annual pension statements or log in to your online accounts. If youre not sure whos managing your pensions and arent receiving regular statements, you may need to track down your pensions.
Typically, you cant access or sell your pension until you docHub retirement age. This is usually age 62 or 65 in most pension plans. Some smaller plans may allow you to cash out at any age by opting for a lump-sum payout instead of periodic payments. Check your plans rules for specifics.
The Plan is considered to be in critical status because it has funding or liquidity problems, or both. More specifically, the Plans actuary determined that as of January 1, 2025, a funding deficiency was projected in four years.
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