Benefits of Repaying Your Coronavirus-Related Distribution (“CRD”) through Prudential

October 20, 2021

Participants who took a Coronavirus-Related Distribution (“CRD”) from their New York City District Council of Carpenters Annuity Fund account through Prudential in 2020 under the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act may repay any amount back to their account. Your repayment is considered a tax-free rollover as long as it’s repaid within three years of the date you received the funds. Amounts not repaid within the three years will be considered taxable income.

Refocus on your financial future now!

The New York City District Council of Carpenters Annuity Fund is designed to help you save for the retirement you deserve and repaying the CRD is a positive step toward achieving a more secure financial future. To learn more about repaying all or a portion of the CRD back to your account, please call Prudential directly at (877) PRU-2100 or visit the NYCDCC-dedicated website at www.prudential.com/nycdccbf.

To view Frequently Asked Questions (“FAQs”) about the CARES Act and more, please visit www.prudential.com/my-service-center/faqs.