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  Roman Catholic Archdiocese of Boston Pension Plan

2017 Voluntary Lump Sum/Annuity Window Open
On March 31, 2017, the window opened for employees age 55+ with vested benefits in the Pension Plan who have not previously been offered a voluntary lump sum/in-service annuity to make a one-time election.  Former employees of any age with vested Pension Plan benefits who have not previously been offered these options and who ended employment between March 1, 2016 and February 28, 2017 are also eligible for the same one-time election.  The election window closes on June 1, 2017.  Please visit the Participants with Vested Benefits section for additional information.  

The Roman Catholic Archdiocese of Boston Pension Plan provides retirement benefits to eligible employees of participating Catholic organizations. The Plan was frozen as of December 31, 2011. On an annual basis, eligible participants are offered the opportunity to make a voluntary lump sum or annuity election.  Information is mailed to eligible participants prior to the election window. In addition, beginning in 2013, the Trustees of the Pension Plan began to purchase annuities representing full value for vested participants as individual employers accrued sufficient funds to make these purchases. The annuity purchase process is ongoing and is expected to continue over the next 15-20 years until all benefits have been annuitized.  Current and former employees of participating employers should contact their employers about the estimated date of annuity purchase if those employees have not already received an annuity certificate from an insurance company.   

For additional information, contact the Benefits Office at (617) 746-5640.

 

 

 
Information for Participants About Voluntary Elections

Review this checklist to find out what steps you need to take to make an election.
Calculate your 2017 lump sum payment if you are a current employee with a vested pension benefit.

 
 
 

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