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
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. For more information see the Employee Guide.
Unless otherwise noted, websites referenced herein that are outside the www.cpg.org domain are not associated with The Church Pension Fund and its affiliates (collectively, the Church Pension Group) and the Church Pension Group is not responsible for the content of any such websites.