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Get And Sign Opt Out Form For Group Pension Scheme Scottish Widows 2013-2021

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How to opt out of scottish widows pension

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Hi, my name is Lynn Paatalo, and I m a retirement counselor here at TRA.We are going to spend a couple of minutes talking about taking a refund of your serviceand the options that you may have.If you have terminated your employment with your employer for at least a minimum of 30days, you would be eligible to receive a refund of your contributions, plus interest.You can apply for those benefits either in your online account or by contacting TRA andrequesting a refund application.Now, when you take a refund of your benefits, what you are doing is you are eligible toreceive the contributions from payroll deduction, plus interest, up through the point that werefund the money to you. Prior to July 1, 2011, we were paying 6 percent interest. FromJuly 1 forward, we pay 4 percent interest.Now, the employer contributions that have been contributed on your behalf, you are notentitled to have those, according to state statute. Those funds would just simply stayin the general fund.Now, when you ta

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