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  • Documents - Joint Annuity Fund, Local No. 164, Ibew Plan

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Plan 990060/000001617 HARDSHIP WITHDRAWAL FORMJoint Annuity Fund of Local Union No. 164, I.B.E.W. This form authorizes hardship withdrawals from the Plan. This form is not valid without your signature.

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Annuities offer flexibility in terms of payout options and can provide tax-deferred growth. In contrast, pensions offer a guaranteed income stream and are typically funded by both the employer and the employee.

Your employer—or employers—makes regular contributions on your behalf, using a formula based on your years of service, hours worked, pay, or other factors negotiated by your collective bargaining unit. The money is invested and managed for you, and it grows tax deferred over the course of your career.

The Annuity Fund was designed to provide participants with a retirement savings program on a long term basis. There are advantages to maintaining an Annuity Account. Under present tax law the Annuity Account is not subject to taxes until the money is withdrawn from the account.

Annuities are used mainly to supplement more traditional sources of retirement income such as Social Security and pension plans. Common features include: Tax-deferred growth. You will pay no income taxes on the earnings from your annuity investments until you begin making withdrawals or receiving periodic payments.

An annuity is a financial scheme that will pay a set amount of cash over a defined period of time whereas a pension is a retirement account that will pay cash after retirement from service. The pension amount is received only after retirement whereas to get the annuity amount person needs not wait until retirement.

This Annuity provides for monthly annuity payments commencing on the Participant's Annuity Starting Date and is payable over the lifetime of the Participant. Monthly payments end with the payment due on or before the day the Participant dies but not before the guaranteed period of monthly payments have been made.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232