Make-up Payment Letter
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Make-up Payment Letter DATE NAME ADDRESS CITY/STATE Re. Monthly Annuity Payment Adjustment Dear “Participant Name”: In January, your monthly benefit payment was increased because, during the time period when your monthly benefits began, the annuity conversion rate the General Board used was not sufficiently aligned with underlying market rates. Within the next two weeks, you will receive a one-time, lump sum payment equal to the difference between the monthly benefit payments that you received (from the date your monthly benefit payment began through December 2006) and what you would have received if a higher conversion rate had been used. If you have questions, please call the General Board at 1-800-851-2201. Representatives are available from 8:00 a.m. to 6:00 p.m., Central time, Monday through Friday. Sincerely, General Board of Pension and Health Benefits
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