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Managing your Annuity Fund Account is Now Easier and more Convenient than Ever

Managing your Annuity Fund Account is Now Easier and more Convenient than Ever

May 1, 2015

-Initiating Loans and Withdrawals Online, Repaying Loans via Automatic Bank Account Deductions now Available!

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Your New York City District Council of Carpenters Annuity Fund account is there to help provide you with income during your retirement years. It’s an important piece of your overall retirement benefits. And now, it’s easier and more convenient to manage certain aspects of your account.

Repay your loan with automatic deductions from your bank account

Do you have a loan from your Annuity Fund account? Do you receive a bill every quarter and write a check to Prudential to make repayments back to your account? If so, you may now have your loan repayments made directly from your bank account, just like you would with your cell phone or other household bills.

To switch to automatic loan repayments, call Prudential Retirement® at 1-877-PRU-2100 (1-877-778-2100) weekdays from 8 a.m. to 9 p.m. ET to speak with a representative.

*If you repay your loan through payroll deduction, you will continue to repay in that manner.

Process loans and withdrawals online*

You now have the ability to initiate a loan or take a partial or lump sum withdrawal from your Annuity Fund account online. Access your Annuity Fund account by going to www.nyccbf.org. From there, click the “Annuity” link, then click “Access Your Account” to log in.

Once you have logged in, go to the account details page where you will see loans and withdrawals as options on the left side of the page.

Carefully consider whether a loan or distribution is consistent with your long-term retirement goals.

*In-service withdrawals, hardship withdrawals, and installment payments currently still require you to complete a distribution form. If you need to initiate one of those options, please call Prudential Retirement at 1-877-PRU-2100 (1-877-778-2100) weekdays from 8 a.m. to 9 p.m. ET to speak with a representative, who will provide you with the necessary paperwork.

Access your account

Go to www.nyccbf.org and click the “Annuity” link. Next, click the “Access Your Account” link to log in using your user ID and password.

For questions or more information about the New York City District Council of Carpenters Annuity Fund, please call Prudential Retirement at 1-877-PRU-2100 (1-877-778-2100). Participant Service Representatives are available weekdays from 8 a.m. to 9 p.m. ET.