Important Notices - Hidden
Incorrect Reporting Information for Retirement Benefit Payments
Regarding "Payment advice"
Please note that the February 29, 2016 ‘payment advice’ received by certain retirees and beneficiaries regarding the direct deposit of their monthly benefit payment may have contained some incorrect information. The problem is limited to those retirees and beneficiaries whose monthly benefit payment includes a separate deposit or deduction for the Sacramento Credit Union (SCU). Instead of showing the amount of the SCU direct deposit and the amount(s) deposited into another bank account, the payment advice only reported the amount of the SCU direct deposit. This was a
Important Notice About Rollover Monies
Sample Forms
Introduction
In accordance with provisions of the federal Economic Growth and Tax Relief Reconciliation Act of 2001 (“EGTRRA”) and Retirement System Resolution No.