NYCDCC Annuity Fund Participants set to Receive Pro Rata Disbursement to Individual Accounts

December 17, 2024

The Board of Trustees of the New York City District Council of Carpenters Annuity Plan is pleased to announce a disbursement of assets from the Plan’s administrative account to its participants. Thanks to cost savings and investment gains, the administrative account of the Annuity Plan has grown so that excess funds can be reallocated to participants. 

On or around December 20th, 2024, you will see a positive earnings adjustment (the amount will be a pro rata adjustment based on your account balance) to your Annuity Plan account, which will be invested in the same manner as your current contributions, or if there are no contribution instructions on file, in the NYC Carpenters Default Balanced 65/35 Fund.

If you wish to make changes to your Annuity Plan investment options, you may do so at any time by going to www.empowermyretirement.com or calling (833) 569-2433.

Happy Holidays!