Annuity Update
The PAMCAH-UA Local 675 Trust Fund Office recently distributed the Fiscal Year End 2024 Annuity Statements, reporting a strong net investment return of approximately 15.4% as of July 31, 2024. Leaving money in your annuity account allows it to grow through compounding returns, helping to maximize your retirement savings. Early withdrawals not only reduce future earnings but may also result in taxes and penalties. While Local 675 offers generous retirement benefits, it's essential to plan ahead and supplement your annuity with additional sources of retirement income to ensure that you have adequate savings for retirement.
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