For your Annuity Account

An Employer is a defined term which in substance means one required to make a contribution on your behalf.

Employer:

Under the applicable Federal Employee Retirement Income Security Act (ERISA), your spouse has rights regarding your ownership of your account.

Spousal Rights:

When you retire or otherwise, when eligible, cease covered employment, your account balance will be paid to you or you may elect to have your account transferred to an Individual Retirement Account (IRA) or to another qualified employer-sponsored retirement plan. Under certain circumstances, you may also elect to defer distribution of your account.

Retirement:

The Plan allows you to borrow from your account and/or withdraw from your account under certain circumstances.

Accessing Your Account:

The amounts properly credited to your account under the Plan are always 100% vested.

Vesting means ownership. You are always 100% vested (in other words, you have complete ownership subject to your spouse’s rights as required by ERISA) in your account (adjusted for investment gains and losses).​

Vesting:

Under the Plan, you direct the manner by which your account is invested. For this purposed, the Plan offers a range of investment options.

Managing Your Investments:

Your Employer is required to make contributions to the Plan on your behalf based on the collective bargaining agreement, Annuity Trust agreement or other agreement with the Trustees. The amount contributed is determined by that agreement.

Employer Contributions:

You will be come a participant in the Plan on the first day that your employer contributes to the Plan on your behalf under the Union’s collective bargaining agreement, Annuity Trust agreement or other agreement with the Trustees.

Joining the Plan:

CEMENT AND CONCRETE WORKERS DISTRICT COUNCIL ANNUITY FUND

​​Mylifenow app is going away.

Download John Hancock's new retirement app today !

        TO READ THE FULL ANNUITY FUND BENEFITS

 

we've made it easier for you to conveniently manage your retirement account, anytime, anywhere. Connect to you plan and its financial tools with a touch and a smile.


With John Hancock's retirement app, you can:

  • View your account at a glance,including balance, rate of return, and investments
  • See how preparedyou are for retirement and model savings scenarios
  • Personalize future spending and income needs based on your target retirement age andlocation
  • Access timely education on personal finance topics to help improve your financial well-being


​John Hancock's retirement app will replace the mylifenow app on September 30, 2021


You may continue to use your existing login credentials with the new retirement app.



                                             DOWNLOAD THE NEW APP TODAY

​

NOTICE TO ALL EMPLOYEES OF EMPLOYERS THAT CONTRIBUTE TO THE CEMENT AND CONCRETE WORKERS DISTRICT COUNCIL ANNUITY PLAN