401(a) Frequently Asked Questions


Frequently Asked Questions - SPU 401(a) Pension Plan
Questions about participation Am I eligible to participate in the pension plan? When can I participate if I leave SPU and later return? What happens in the event of my death? Questions about contributions How much will SPU contribute to the plan for me? What information will I receive about my account? Can I roll over a retirement plan from another employer's plan? Questions about vesting What is the vested percentage of my account? What happens to the portion of my account that is not vested? Questions about account valuations and distributions When will my retirement benefits be paid? When are my accounts valued? How are distributions taxed?