PERAC Memo #23 - 2002: Revised Application for Withdrawal of Accumulated Total Deductions
Revised Application for Withdrawal of Accumulated Total Deductions
View original on MA State Library →Summary
PERAC has revised the Application for Withdrawal of Accumulated Total Deductions, consolidating the previous two "Member and Witness Signature" blocks into a single signature block appearing after the Non-Taxable segment on Page 3, to eliminate member confusion regarding sign-off on payment method and tax distribution choices. Boards should begin using this revised form (dated April 2002), available on PERAC's website under General Membership Forms, and instruct members that pages 1–3 must be completed with signature required on page 3.
Full Text
Memorandum # 23/2002
M E M O R A N D U M TO: All Retirement Boards FROM: Joseph Connarton, Executive Director RE: Revised Application for Withdrawal of Accumulated Total Deductions
DATE: April 23, 2002
In response to retirement board requests, PERAC has revised the Application for Withdrawal of Accumulated Total Deductions.
The most significant change is that there is now one “Member and Witness Signature block” and it appears beneath the Non-Taxable segment on Page 3. With this change and other minor revisions, we believe that it is clear that members are signing off on their method of payment choices as well as the distribution of the taxable and non-taxable portions of their accumulated total deductions. It is our hope that this will eliminate the confusion that was generated by originally having two “Member and Witness Signature blocks”. The instructions now inform members that they must complete pages 1, 2 and 3 and sign on page 3.
Enclosed you will find a copy of this form that reflects a last revision date of April 2002.
The revised form has also been posted under the General Membership Forms section of
PERAC’s Home Page: www.mass.gov/PERAC.
We trust the foregoing is of assistance. If you have further questions or concerns, please contact this office.