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Personal Benefit Statements are mailed in June to the homes of participants who worked 250 or more covered hours in the previous year and have a
This sample Personal Benefit Statement for mock participant "Bob E. Jackson" can help you understand your statement. It assumes that he has a basic contribution rate of $2.15 for the Year 2006. Important points about the statement are circled and explained in the sections below. Be sure to read your own statement carefully and keep it with past copies in a safe place. Keep track of your Plan records. Take the time to check your statement details and compare how your benefits grow from year to year. Click here for answers to common questions about statements. If you have specific questions about your statement, contact your Area Administrative Office. Section One This section explains mailing information and vesting status. Section Two This section provides a detailed listing of this participant’s Plan coverage for the Year 2006. Section Three This section shows the benefit earned during 2006 and the total accrued annual benefit you have earned as of December 31, 2006, payable at age 65. Section Four This section explains what to do if information is incorrect or missing, It also tells how to designate or change Plan beneficiaries. |
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