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   Operating Engineers Local 66 Annuity Fund  

Annual Option Benefit

The Annuity Fund Trust Agreement allows that once a year each participant be given the opportunity to make a selection on the money held for more than two years in the Annuity Fund. As an example participants with a 2011 balance will receive an Option Election Statement in the year 2014 and 2012 balances will be available in 2015.... Each year an Annual Option Election Statement is mailed to each participant that has an account balance for the option year. Participants need to review the statement and any additional information provided before making any decision concerning their money.

If participants select to leave their money in the Annuity Fund it will accrue interest and provide a supplement to their Social Security and Pension Benefits.



Annuity Fund Benefits.

Annuity Retirement Benefit.

Payments.

Taxes.

Hardship Withdrawal.




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