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Monthly Payment Election Form |
PBGC Form 717 Approved OMB 1212-0055 Expires 08/31/08
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Pension
Benefit Guaranty Corporation. |
For assistance, call 1-800-400-7242 |
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Plan Name: «PrismCase.CaseTitle» |
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Plan Number: «PrismCase.CaseIdNmbr» |
Participant Name: «PrismCust.FullName» |
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DOPT: «PrismCase.DOPT» |
Applicant Name / SSN: |
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Date
Printed: |
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INSTRUCTIONS: Use this form to tell PBGC you want to receive a monthly, rather than annual, payment. If you want to keep receiving annual payments, do not return this form.
1. About your benefit
Annual payments - While most people receive annuity benefits monthly, PBGC makes annual payments to anyone who would receive $50 or less each month. Each year, we pay the full amount in the first month you should start receiving payments. So, if your monthly benefit is $20 a month, you will receive $240, which covers all your payments for the next 12 months.
Monthly payments - If you are entitled to receive annual payments but want monthly payments instead, complete this form provided your monthly payment is $20 or more. You will start receiving your monthly payments a year after you received your last annual payment. For example, if your last annual payment was in June, you would receive your first monthly payment the following June. |
2. Annuity election
My monthly payment amount is $20 or more. I want this payment each month, not all at once each year. |
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SIGN & DATE BEFORE SUBMITTING. THANK YOU. |
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File Type | application/msword |
File Title | General Information Form_PBGC Form XXX |
Author | IOD |
Last Modified By | PBGC User |
File Modified | 2006-12-04 |
File Created | 2006-12-04 |