Q. |
A. | You are eligible when you work for an employer who is obligated to make contributions to the Fund |
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Q. |
A. | As soon as you start to work in Covered Employment during a Plan Year, you will become a Participant in the Fund |
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Q. |
A. | A Plan Year is the period as to which records are kept for Fund Administration. The Plan Year is May 1 - April 30 |
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Q. |
A. | No, once contributions are received you are enrolled. You will receive information on the Plan from Benefit Plans Administration Services, LLC (BPAS) |
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Q. |
A. | You are immediately vested in the Plan |
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Q. |
A. | You may withdraw money from your account when you Retire, become Disabled, Terminate Employment (6 consecutive months) or upon Death |
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Q. |
A. | No, There are no Loans |
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Q. |
A. | You may self-direct the investment in your account. You can do this with BPASLine or the BPAS Website. Otherwise you funds will be invested in the default account |
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Q. |
A. | Your account would be payable to your Eligible Spouse, Beneficiaries or Estate |
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Q. |
A. | Contact the Fund Office for a Beefier Form. If you do not designate a beneficiary, the benefits will be paid to your estate |
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Q. |
A. | Provide a complete copy of your Divorce Decree to the Fund Office. If a portion or all of your benefit is assigned to your former spouse, a Qualified Domestic Relations Order may be required. Contact the Fund Office for more information |
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Q. |
A. | Contact the Fund Office for an Application for benefits |
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