Get Pars Distribution Election Form

Completing the Pars Distribution Election Form online is a straightforward process that ensures your retirement distribution request is accurately submitted. This guide will walk you through each component of the form, providing you with the necessary instructions for a successful completion.

Follow the steps to complete the Pars Distribution Election Form online.

1. Click the ‘Get Form’ button to access the form and open it in the online editor.
2. Begin by filling in the legal name of the participant in the designated field. Ensure that the name matches the official records to prevent any processing issues.
3. Provide the full address of the participant, consisting of the street address, city, state, and zip code.
4. Enter the participant’s phone number, including the area code, in the appropriate field.
5. Fill in the date of birth of the participant. This information is essential for identity verification.
6. Indicate the sex of the participant as required by the form.
7. Input the participant’s Social Security Number to support identification and processing of the distribution request.
8. Select the type of plan from the dropdown menu. For this form, you will typically choose '457(b) Alternative Retirement System Plan'.
9. Choose the qualifying event that applies to the participant by selecting only one from the options provided, such as 'Terminated employment with City effective' or 'Retired on'.
10. If applicable, make sure to mention that there is an executed beneficiary statement in favor of an individual and note if the participant no longer participates in the plan.
11. If the participant is still employed by the City, confirm eligibility for distribution by noting that the account balance is less than $5,000 and that there have been no deferrals for a period of 24 consecutive months.
12. Identify the plan administrator or authorized person’s name in the required section and date the form accordingly.
13. Review all entered information for accuracy, then choose to save your changes, download, print, or share the completed form as needed.

Start completing your Pars Distribution Election Form online today for a smooth and efficient experience.