I.A.T.S.E. Annuity Fund Withdrawal/Notice of Termination/ Retirement/Disability Form This form is used for requesting withdrawals (other than hardship withdrawals) or a distribution from the I.A.T.S.E.

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How to fill out the Iatse Annuity Hardship Withdrawal online

This guide provides clear and supportive instructions for filling out the Iatse Annuity Hardship Withdrawal form online. By following these steps, users can ensure their submissions are complete and processed efficiently.

Follow the steps to complete your Iatse Annuity Hardship Withdrawal form.

  1. Click the ‘Get Form’ button to obtain the form and open it in your editor.
  2. In Section I, fill out all applicable participant information, including your name, social security number, and contact details.
  3. Move to Section II where you will place a checkmark next to the reason for the withdrawal. Make sure to select one option only.
  4. In Section III, indicate the amount of funds you are requesting or check the box for the maximum amount available. Specify your preference for how you would like the distribution to be processed.
  5. If applicable, complete Section IV if you are choosing an annuity or a rollover. Provide the necessary information as requested.
  6. Section V allows you to note any additional instructions that may assist in processing your withdrawal.
  7. In Section VI, make your federal and state income tax withholding elections. This is crucial for ensuring accurate tax processing.
  8. Choose your payment method in Section VII, selecting either a check or ACH direct deposit.
  9. You must sign Section VIII as authorization for the withdrawal. This section also confirms your understanding of the provided notices.
  10. If your balance is over $5,000, complete Section IX regarding the waiver of the joint and survivor annuity, if required.
  11. Review any instructions specified by the Iatse Annuity Fund representative in Section X and ensure everything aligns with their requirements.
  12. Finally, ensure all sections are filled correctly, and submit your completed form to the Iatse Annuity Fund office, which may involve returning it either by mail or fax.

Complete your Iatse Annuity Hardship Withdrawal form online today to ensure timely processing of your withdrawal.

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Questions & Answers

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Can you take a hardship withdrawal from an annuity?

(If you're under age 59½ when you make a hardship withdrawal, you may also be subject to a 10% early withdrawal tax penalty on the amount of the withdrawal.) Employer contributions to your Annuity Account and Rollover Account balances are not eligible for hardship withdrawal.

The Funds are governed by Boards of Trustees made up of an equal number of representatives of the IATSE (labor) and the employers (management). The IATSE National Benefit Funds include the Pension, Annuity, Health & Welfare, Vacation and 401(k) Funds.

You can sometimes roll an annuity into a 401(k) plan if the annuity is already held in a “qualified” retirement account like an IRA. However, both the 401(k) and annuity provider must have rules that allow this.

Pursuant to the authority vested in them under an Agreement and Declaration of Trust entered into the 21st day of September, 1973, the Board of Trustees established the Annuity Fund. I.A.T.S.E. Annuity Fund encourages and assists participants by providing additional financial security at retirement.

Generally speaking, an investor can only access the funds in their RA from age 55 onwards, with no upper age limit for retirement. When you retire from your retirement annuity, you have the option to withdraw one-third of the investment in cash, with the first R500 000 being tax-free.

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