• Plan termination effective date

• Informational only - no action is needed from you and no communications will be sent on this date

• A packet of information from GPC about the limited-time benefit election period to choose how you want to receive your pension benefit

• You must make an election during the election period. If you don't make an election, your benefit will be transferred to the selected insurance company

If you do not elect for one-time lump sum payment           

• First, you will receive an Annuity Purchase Transition Letter form GPC announcing the chosen insurance company.  No participant action is needed. 

• Shortly thereafter, you will receive a Welcome Packet from the chosen insurance company, including confirmation of your benefit, background  on the insurance company and its contact information

Informational packet containing the following regulatory-required notices:

• Notice of Plan Benefits - participant-specific benefit information for your review

• Notice of Annuity Information - includes details about the potential insurance companies under consideration for the Plan's future administration and benefit payments

If you elect a one-time lump sum payment:

• Confirmation Letter from GPC explaining your election information was received and is being processed

GPC Pension Plan Transition