Audience: Participants

Product: Defined Benefit

Contacts: Terminated participants who did not meet vesting requirements

Date Sent: 12/14/20

Format: Mailed letter

Description: Letters were mailed today (12/14) to terminated participants who were enrolled in the defined benefit plan but did not meet vesting requirements before terminating. The purpose of the letter is to provide refund and rollover options for their employee contributions.

A sample of the letter sent can be found here.

For the participants who terminated from an employer that adopted Act 88, they received this letter.