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How are After Tax and Before Tax contributions calculated and what are the distribution options?

April 26, 2017calculated contributions distribution Options tax

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How are After Tax and Before Tax contributions calculated and what are the distribution options?

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Benefits are based on the accumulation in your United Methodist Personal Investment Plan (UMPIP). Annuity amounts are based on the account balance and your age (for joint-life annuities, the age of your contingent annuitant, or spouse, is also taken into consideration. Various distributions options are variable: a) Lump-sum distribution of the entire account. b) Partial lump-sum distribution (one allowed per year.) c) The entire or remaining balance as one of 16 annuities (including annual, monthly, and lifetime annuities.) d) Cash Installments.