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FAQ's


3. WHAT OTHER WAYS CAN MY QUALIFIED SAVINGS BE PAID OUT?

 

·        Your Qualified Savings benefit is payable to your Beneficiaries in the event of your death.

·        Certain Qualified Savings benefits may require a mandatory distribution under certain circumstances. The Fund office would notify you if your benefit account would require a mandatory distribution under Plan rules. See When Do I Have to Take Out My Qualified Savings? for information on mandatory distributions.     

·        Plan rules do not allow benefit distributions for any other reasons, except for certain authorized transfers of contributions to another local’s qualified plan.

 

   

   
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