How do we make corrections to a PIP (Personal Investment Plan) Account?
To assist in the timely correction of errors that may occur in participants’ accounts, the General Board of Pension is requesting that all errors be reported within 180 days of the date of the error. For errors in the identification of PIP contributions (i.e., before-tax as opposed to after-tax or vice versa), the following supporting documentation is needed: • A copy of the participant’s Before-Tax and After-Tax Contribution Agreement to the Personal Investment Plan for each applicable tax year contributions were submitted in error. • A copy of the participant’s Internal Revenue Service Form W-2 for each applicable tax year contributions were submitted in error. • A copy of the plan sponsor’s (or salary-paying unit’s) year-end payroll earnings and deductions report for each applicable tax year contributions were submitted in error. • A letter from the plan sponsor administrative officer explaining the error and certifying the submitted documentation. Participants are encouraged to reg
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- How do we make corrections to a PIP (Personal Investment Plan) Account?
