Q.
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A.
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The Defined Contribution Plan is a type of retirement plan into which your employer
makes contributions based on your time worked. Your Defined Contribution Plan is
completely separate from your regular Pension Plan. Mass Mutual is a Financial Services
Company that holds your funds in your Defined Contribution Account.
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Q.
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A.
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Phone: (800) 743-5274
Website:
www.retiresmart.com
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Q.
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A.
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Mass Mutual will mail you a statement each quarter.
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Q.
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A.
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Your account is funded by employer contributions made on your behalf. The contributions
are based on your time worked.
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Q.
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A.
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No, only your employer is permitted to make contributions for you.
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Q.
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A.
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One of the following 4 instances must apply in order to withdraw funds from your
account:
1. You are Retired and at least 55 years of age
(or)
2. You become Permanently Disabled (must be recognized by Trustees)
(or)
3. You experience a 3 year break in service
(or)
4. Upon your death
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Q.
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A.
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No, the plan does not allow for loans or hardship withdrawals at this time.
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Q.
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A.
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There are 13 different funds to choose from and you can either go online to: www.retiresmart.com or call Mass Mutual at: (800) 743-5274
to change the way your money is invested.
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Contact the Fund Office
at (248) 347-3100 or (800) 572-8553 for specific information regarding your Defined
Contribution Account.
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