Clarification on Interest Paid on Pension Benefits Underpayments
The Board of Trustees has added language to the March 2015 Pension Plans Summary Plan Description, clarifying that the Basic and Supplemental Pension Plans will apply a 5% per annum interest rate to any underpayments owed to participants.
For more information on these changes, refer to the March 2015 Pension Plans Summary Plan Description and its updates available on dgaplans.org/forms.
