Defined Contribution Plan
You can begin receiving your benefit as soon as you retire. The amount you receive depends on the value of your account balance. Your options include:
- Maintaining your savings in the plan until you decide to withdraw some or all of your funds
- Receiving a lump sum payment
- Receiving monthly, quarterly, semi-annual, or annual installments
- Rolling over your account balance into another retirement plan, IRA, or Roth IRA
Are You Saving Enough?
Visit our Lay DC Contribution Estimator and find out how to make the most of your Lay Defined Contribution plan.
There are restrictions on withdrawals prior to retirement. If you believe that you have been denied a benefit that you are due under the Lay Defined Contribution Plan, you have the option to file an appeal. Download information on the claims and appeals process.
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