Does the Fund provide a Lump Sum Payment?
es, the Fund does have a lump sum payout provided the actuarially determined present value of the benefit is $5,000 or less. It will be determined at the time of the calculation as to whether or not you qualify for this type of a payment. Should it be determined that you do qualify, you will be paid in a one-time lump sum payment in lieu of monthly Pension Benefits.
