Cash Out Amendment

Beginning March 28, 2005, there is a change to the limit for a cash out of contributions. If a vested participant elects a withdrawal of contributions and the actuarially equivalent present value of the accrued benefit is $1,000 or less, the actuarially equivalent present value of the accrued benefit derived from the employer contributions will also be paid. The limit formerly was $5,000.

Full Issue: No. 170 - April 18, 2005

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