Cedars-Sinai Retirement Program Helpline (at least three months before you wish to start receiving your retirement payments)
Telephone at:1 (866) 296-5034 (toll-free)
Representatives are available Monday through Friday between 9:00 a.m. and 6:00 p.m. Central Time
Mail:Cedars-Sinai Retirement Program Helplinec/o Mercer PO Box 14483 Des Moines, IA 50306-3483
Website:http://cedars-sinai.mybenefitchoice.com/
Voya Retirement Homepage
Website:https://cedars-sinai.beready2retire.com/
Cedars-Sinai Retirement Program Helpline
Telephone at: 1 (866) 296-5034 (toll-free)Representatives are available Monday through Friday between 9:00 a.m. and 6:00 p.m. Central Time
Provides monthly benefit payments to you during your lifetime. No benefits will be paid after your death. If you are married, your spouse must provide written consent to your election of this form of payment.
Note: Once benefit payments begin, you may not change the form of payment that you have elected.
Provides reduced monthly payments to you during your lifetime. In the event of your death, your designated beneficiary will receive monthly benefit payments equal to 50% of the amount you had been receiving for the remainder of his or her lifetime. If you are married, your spouse must provide written consent to your election of this form of payment and to any non-spouse beneficiary you name.
Note: Once benefit payments begin, you may not change the form of payment that you have elected. Additionally, for this option, you may not change your beneficiary designation after benefit payments begin.
Provides reduced monthly payments to you during your lifetime. In the event of your death, your designated beneficiary will receive monthly benefit payments equal to 75% of the amount you had been receiving for the remainder of his or her lifetime. If you are married, your spouse must provide written consent to your election of this form of payment and to any non-spouse beneficiary you name.
Provides reduced monthly payments to you during your lifetime. In the event of your death, your designated beneficiary will receive monthly benefit payments equal to 100% of the amount you had been receiving for the remainder of his or her lifetime. If you are married, your spouse must provide written consent to your election of this form of payment and to any non-spouse beneficiary you name.
Provides reduced monthly payments to you during your lifetime. In the event of your death prior to receiving 60 monthly payments, the same monthly amount you had been receiving will be paid to your primary beneficiary for the balance of the 60 month period. If you and your primary beneficiary both die before 60 payments have been paid, the balance of the 60 payments will continue to be paid to your contingent beneficiary (if any). If you designate more than one beneficiary and at least one but not all survive you, your benefit will be divided among the remaining beneficiaries in proportion to the percentage you designated. Keep in mind, a contingent beneficiary is only eligible for benefits if there are no surviving primary beneficiaries. If, upon your death, there is no living designated beneficiary, the remaining value of the unpaid installments will be paid to your estate. If you are married, your spouse must provide written consent to your election of this form of payment and to any non-spouse beneficiary you name.
Provides reduced monthly payments to you during your lifetime. In the event of your death prior to receiving 120 monthly payments, the same monthly amount you had been receiving will be paid to your primary beneficiary for the balance of the 120 month period. If you and your primary beneficiary both die before 120 payments have been paid, the balance of the 120 payments will continue to be paid to your contingent beneficiary (if any). If you designate more than one beneficiary and at least one but not all survive you, your benefit will be divided among the remaining beneficiaries in proportion to the percentage you designated. Keep in mind, a contingent beneficiary is only eligible for benefits if there are no surviving primary beneficiaries. If, upon your death, there is no living designated beneficiary, the remaining value of the unpaid installments will be paid to your estate. If you are married, your spouse must provide written consent to your election of this form of payment and to any non-spouse beneficiary you name.
Provides your entire benefit in a single payment to you if the value is up to $5,000. No benefits will be paid after your death. You may directly receive the lump sum payable to you or roll over the amount into another eligible employer plan, Individual Retirement Account (IRA) or Roth IRA.
If you elect to receive your benefit as a single lump sum payment, the law requires that 20% of the taxable portion of your distribution will automatically be withheld and applied to your federal income tax for the year in which the distribution is made unless you elect to have your distribution paid as a direct rollover to another eligible employer plan or to an individual retirement arrangement (an IRA). Please read the Special Tax Notice Regarding Plan Payments.
Your annual base pay rate is used to determine your projected pension. Therefore, you may make an assumption on how your earnings will grow from now until retirement.
Choose a realistic rate of increase. Remember, the increase you indicate is only an estimate.
You may choose any whole percentage value between 0% and 4%, inclusively.
If you receive your benefits before your Normal Retirement Date, your benefits will be permanently reduced for each month that your Benefit Starting Date precedes your Normal Retirement Date. Benefits are reduced because the Plan is expected to make more payments when you commence at an earlier age as compared to your normal retirement age. If you defer benefits to begin on or after your Normal Retirement Date, there is no reduction factor applied for early retirement.
The SPD for the Plan explains how the reductions are calculated for early commencement depending on whether you met the requirements for early retirement as of your termination date.
For more information on your benefits or to start receiving your pension benefit, you can reach the Cedars-Sinai Retirement Program Helpline:
If you wish to start receiving your pension benefit, contact the Cedars-Sinai Retirement Program Helpline three months before the desired pension start date.