[Oe List ...] [Dialogue] Order annuity

Jack Gilles icabombay at igc.org
Fri Apr 24 08:27:39 EDT 2009


Dear Colleagues,

I can't be sure my memory is correct, but I think the formula for  
receiving Order Annuity funds required a minimum of 10 years in the  
Order.  Then the amount was determined by your age, with the eldest,  
like Lyn, getting the maximum amount and the youngest getting the  
least.  You had a choice to withdraw your total amount or leave it in  
(no future withdrawal) and receive a minimum of a 10 year monthly  
amount when you turned 65.  The rate paid into the annuity through  
interest was less than 3%.  I thought there was a clause that if you  
died before obtaining all of your annuity it would be rolled over to  
fund those still living.  That is why we left our money in so that it  
would benefit those who really needed it.  Now I'm not sure that  
rollover is in affect.

G&P,

Jack



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