However, if you choose to cancel and move your money
out of the Prudential Guaranteed Installment Fund, you
will not be eligible for this program in the future.
Tax withholding from your Period Certain
Withdrawal Option
Distributions from your 403(b) or Traditional IRA
accounts are considered ordinary income and are subject
to federal and state income tax. Taxes do not apply to
qualified Roth distributions.
We will send you Form 1099R, if applicable, summarizing
your distribution activity, which you should use when
preparing your income tax returns.
Required minimum distributions
If you are required to take a required minimum
distribution (RMD) and the amount you withdraw in
the year doesn’t meet that requirement, we will send you
an additional check for the remaining RMD amount in
December. RMD rules don’t apply to Roth IRA accounts.
What options do I have for receiving my
payments?
The Period Certain Withdrawal Option requires direct
deposit of payments into a savings or checking account.
*Interest is compounded daily to produce the current annual yield
prior to the deduction of program administrative fees. Contributions
and earnings are held in the general account of Prudential
Retirement Insurance and Annuity Company (PRIAC). Principal
and net credited interest are fully guaranteed by PRIAC. Such
guarantees are based solely upon the financial strength and claimspaying ability of PRIAC.
For more information go to weabenefits.com/pru.
WEA Trust Member Benefits offers personal
insurance products for:
• Auto
• Home
• Renters and condominium
• Mobile home
• Motorcycle
• Boat and recreational vehicle
• Farmette
• Home business
• Rental property
• Long-term care
• Umbrella
Period Certain
Withdrawal Option
We also offer these retirement and investment
products:
• 403(b) tax-sheltered annuity
• Roth & Traditional IRA
• Financial planning services
The 403(b) retirement program is offered by the WEA TSA
Trust. TSA program registered representatives are licensed
through WEA Investment Services, Inc., member FINRA.
The Trustee for the WEAC IRA program is First Business
Trust & Investments.
Property and casualty insurance programs are underwritten
by WEA Property & Casualty Insurance Company.
All investment advisory services are offered through
WEA Financial Advisors, Inc.
Long-term care (LTC) insurance products are underwritten by
multiple LTC insurers.
This brochure is for informational purposes only and not
intended to be legal or tax advice. Consult your tax advisor or
attorney before taking any action.
TM
For more information about the
Period Certain Withdrawal Option,
call us at 1-800-279-4030 or
visit our Web site at weabenefits.com.
Effective November 2012. Subject to change.
P.O. Box 7893
Madison, WI 53707-7893
1-800-279-4030
[email protected]
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TSA 3541-280-1112 (W)
TM
Period Certain Withdrawal Option
The Period Certain Withdrawal Option was
developed for those participants who want to
have their account balance paid to them over a
specific period of time. This brochure describes the
choices you have when selecting our Period Certain
Withdrawal Option.
How does the Period Certain
Withdrawal Option work?
The Period Certain Withdrawal amount is based on
four factors.
1.The amount you move
into the Prudential
Guaranteed Installment
Fund.
2.The period of time
you want the funds
distributed.
3.The frequency of your
payments.
The Period Certain
Withdrawal Option was
developed for those
participants who want
their money to last a
specific period of time.
4.The investment return on the Prudential
Guaranteed Installment Fund.
When you enroll in the Period Certain Withdrawal
Option, you will have the flexibility to move all or a
portion of your existing account into the Prudential
Guaranteed Installment Fund, which is credited with
the same interest rate as the Prudential Guaranteed
Investment*.
You choose the period of time to have the funds
distributed, allowing for customization of the
payment based on your individual needs. However,
you must select a time period that creates a payment
large enough to satisfy the minimum withdrawal
amounts discussed later in this brochure.
For example, suppose you choose to have your
account paid out over four years. Your annual
disbursement would be one-fourth of your account
balance in the first year, one-third of the balance in
the second year, and so on. The full balance, along
with the investment return, would be depleted at the
end of the four-year period.
Once you have selected
the time period for your
withdrawal, you will need
to choose the frequency
of your payments. You
have the option of taking
monthly, quarterly,
semiannual, or annual
payments.
Payments are calculated at the time of each
installment; therefore, they will vary slightly due to
the actual number of days between payments and the
current guaranteed rate of return during that period.
Your Prudential Guaranteed Installment Fund
balance will be fully distributed by the end of your
selected period of time.
You choose the period
of time to have the
funds distributed,
allowing for
customization of the
payment based on your
individual needs.
Who is eligible for the Period Certain
Withdrawal Option?
You must be eligible to take penalty-free withdrawals
as defined by the Internal Revenue Service. Please
contact our office at 1-800-279-4030 to determine if
you are eligible to take a penalty-free distribution.
After you have established
the criteria, each payment amount is calculated by
dividing your Prudential Guaranteed Installment
Fund balance by the number of remaining payments.
For example, if the payout is to be monthly for
four years, the initial payout amount will be equal
to 1/48th of the current market value (at time
of distribution) of the Prudential Guaranteed
Installment Fund. The second payment will be
1/47th of the current market value (at time of
distribution), and so on until all funds in your
Prudential Guaranteed Installment Fund have been
distributed to you.
Can I make changes to my Period
Certain Withdrawal Option?
You have the ability to change the frequency of
payments, tax withholding, and automatic deposit
information. You are allowed to change this
information once per calendar year.
Please call our office and request the form to make
these changes.
NOTE: You can suspend your payments and
then restart them to finish out your chosen term.
TSA & IRA Processing and Distribution Amounts
TSA processed
IRA processed
Minimum distribution
amount to start
Monthly
2nd Tuesday of each month.
2nd Wednesday of each month.
$100
Quarterly
2 Tuesday of the month
following the end of a quarter.
2 Wednesday of the month following the
end of a quarter.
$100
Semiannually
2nd Tuesday of the month
selected by participant and
again six months later.
2nd Wednesday of the month selected by
participant and again six months later.
Annually
2nd Tuesday of the month/year
selected by participant. Same
month every year.
2nd Wednesday of the month/year
selected by participant. Same month
every year.
nd
nd
$500
$1,000
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