Please be advised that if you are not working for a United Church of Christ (UCC) employer, Conference, Association, National Setting, or any UCC-affiliated organization, and contributions are no longer being made to your Annuity Plan account, your account is considered inactive.
The Annuity Plan for the United Church of Christ plan document (Section 4.06(A)) states that members who have not been active in the plan for more than three months will receive a distribution of their entire account balance, if the balance is $10,000 or less.
Please note the following:
• Your full vested balance will be paid out in the form of a cash distribution.
• The cash payment will be issued by our bank, Northern Trust.
• Federal income tax will be withheld at the rate of 20%. Northern Trust will issue Form 1099-R for the applicable distribution at the end of January.
To view your account balance, please log in to the member account sign-in page on our website using your 7-digit Member ID number.
For additional information or questions, please contact the Pension Boards Member Services at 1.800.642.6543 or learn more about the Annuity Plan and download the Special Tax Notice which may help to answer any questions you may have about the taxation of a plan distribution.
We encourage you to contact your own financial advisor for assistance.