There will be another educational teleconference seminar on Thursday, February 25th, 2021, at 10:00 A.M. CST. Please bring your attention and any questions to that meeting. The member call-in information is as follows:
As announced within the Winter 2020 newsletter, participants are allowed to make post tax contributions to their MPP&T account. If you wish to enhance your retirement savings, you can do so easily by mailing into the Fund Office a check with your contribution amount. Your checks should be made payable to the Local 697 MPP&T.
Don’t know what amount to contribute? Perhaps this will help you make that determination. The Internal Revenue Service (IRS) has placed limits on the amount you are able to contribute on an after-tax basis during any calendar year. Specifically, the IRS states that between what your employer contributes into the MPP&T during a calendar year and that in which you voluntarily contribute on an after-tax basis during any calendar year cannot exceed the lesser of the sum total of $58,0000.00.