NYCDCC Annuity Fund Participants Receive $200 Disbursement to Individual Accounts

December 21, 2018

Great news! The Board of Trustees of the New York City District Council of Carpenters Annuity Plan is pleased to announce that a disbursement of assets from the Plan’s administrative account has been added to its participants’ accounts. Thanks to cost savings and investment gains, the administrative account of the Annuity Plan has grown to the point that excess funds were able to be reallocated to participants.

On or about December 20, 2018, $200.00 was added to the individual accounts of all participants who had a balance as of October 31st, 2018, and invested in the same manner as participants currently have their contributions set up. If there were no contribution instructions on file, the disbursement was then placed in the NYC Carpenters Default Balanced 65/35 Fund.

Eligible participants will soon receive a mailing from Prudential notifying them of this good news as well. Remember, if you wish to make changes to your Annuity Plan investment options, you may do so at any time by going to www.prudential.com/online/retirement or calling 1-877-PRU-2100 (1-877-778-2100).

Happy Holidays!