Elections:

  • Payment type/Delay - locked in once elections are made (see below for exception on Pre 2005 funds)
  • Beneficiaries - can change at any time online
  • Contribution Amount - can change annually via Microsoft form sent by PSH
  • Investments - can change monthly

 

Fund TypeElection TypeDelayPayment TypeSpecial notes
Pre 2005Handwritten letter must be sent to TTC by 6/30 to participate in September distribution or sent by 12/31 to receive March distributionN/ALump sum onlyNo timeline for participant to withdraw funds after terming, can stay in plan for as long as they want
Post 2004Microsoft form and saved in SmartDesk, distribution sequence begins after term dateN/ALump sum or 2-5 annual installmentsIf no election, paid out in LS upon termination
2020+Microsoft form and saved in SmartDesk, distribution sequence begins after term dateUp to 5 yearsLump sum or 2-5 annual installmentsIf no election, paid out in 5 annual installments after any Post 2004 funds are paid out


For previous contribution info, ptp should call NHC main number and ask for Stephanie Warren. 


FYI - SmartDesk stores elections under the memos section: