Your Elections

Deferral Elections

Once the enrollment window is closed, your deferral elections cannot be changed until the next enrollment window. Please carefully consider the amount of your base pay and/or bonus you want to defer for the year.

Distribution Elections

When you initially enroll in the plan, you will make a distribution election for your future company contributions to the DCP on or after May 1, 2012. In addition, if you choose to defer base pay and/or bonus, you will make separate distribution elections for each source of deferral chosen. You decide how you want to have your account balances paid to you, either as a lump sum payment or in annual installments for 5, 10 or 15 years. The distribution election you choose for any source can change only once in the future. If you choose to use your one-time opportunity to change your distribution election after your initial election is made, then your payment will automatically begin five years and six months following separation from service. Elections to change must be made at least 12 months prior to the date you originally elected to receive payment of the account balance, and the form of payment must be deferred for at least five years after the original payment date.

Investment Elections

You may choose a separate investment election for each source of your own deferrals (base or bonus) or company contributions if you wish. You can change the investment options at virtually any time.

You may want to consult with your personal tax advisor or financial planner prior to enrolling in the DCP.