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.