Rollovers into the Supplemental Plan
A rollover is when you transfer money into your Supplemental Plan account.
You can roll over money from:
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The Basic Plan. If you are eligible to receive a lump sum payment from the Basic Plan, you can transfer all or part of your lump sum into your Supplemental Plan account.
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An outside retirement plan. The Supplemental Plan also accepts rollovers from qualified retirement accounts, including but not limited to:
- IRAs,
- 401(k) plans,
- 403(b) plans,
- 457 plans, and
- any qualified plans as described in IRS code section 401(a).
Rollovers are not accepted from Roth IRAs and Roth 401(k) plans.
Advantages of Rolling Over Funds into the Supplemental Plan
As a Pension Plan participant, you have exclusive access to the Supplemental Plan. This access provides you with certain key advantages:
- Diversity. The Supplemental Plan’s portfolio includes a wide-ranging mix of investments, including domestic and international stocks, bonds and real estate. In addition, the Supplemental Plan also features an allocation to alternative investment vehicles that are not typically available to individual investors.
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Low Cost. The Plan does not charge any commissions or loads. If you roll over money into the Supplemental Plan, you will not be charged any fees beyond the costs of administering the fund, which includes fees paid to our investment managers.
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Stability. The Supplemental Plan is overseen by the Finance Committee of the Pension Plan’s Board of Trustees, in consultation with our independent pension consultant and an experienced team of investment professionals. Over the years, the Finance Committee, which works solely for the benefit of Plan participants, has developed an investment strategy that seeks to maximize returns and reduce risk through a well-diversified portfolio managed by a team of experienced investment managers.
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Convenience. Rollovers into the Supplemental Plan give you fewer pension accounts to track and manage.
