THIS HANDOUT IS DESIGNED FOR ALL OUR CTC SITE DIRECTORS AND BENEFITS SPECIALISTS

IT CAN BE PRINTED AND COPIED FOR ALL TERMINATING AND RETIRING CTC EMPLOYEES

Central Texas College Pension Plans

PO Box 1800, Killeen TX 76540

CTC Pension Web Page: http://www.ctcd.edu/pension/ctc_pension.htm

 

QPP / SPP INFORMATION FOR TERMINATING OR RETIRING EMPLOYEES

Updated January 2010

 

To all Central Texas College departing employees:

 

Depending on your employment status, you may have money in one of CTC's in-house 401(a) pension plans (“QPP” or “SPP”). How can you tell? If you have been receiving quarterly statements from VALIC Retirement Services, you probably have a “QPP” or “SPP” account (or both). If your payroll advice slip indicates deductions for “QPP” or “SPP”, you have a pension account.

 

How do you obtain distribution of your “QPP” and/or “SPP” account? Just go to our “QPP” / “SPP” web page at http://www.ctcd.edu/pension/ctc_pension.htm. From the CTC home page at www.ctcd.edu, click on Faculty and Staff, and then click on Pension Plans.

 

On the Pension Plan web page, you will find lots of information that will help you decide what type of pension distribution is best for you. You will also find the appropriate distribution request forms, depending on what type of distribution you choose. There is also lots of contact information for the different services available to you. You will also see a step-by-step description of the process involved in obtaining your distribution.

 

If you do not have access to a computer, you can get lots of help from the VALIC Client Care Center, as well. They are open Monday through Friday from 7:00 a.m. to 8:00 p.m. (Central US time). Their phone number is 1-800-448-2542. If you cannot use the toll-free number, you can also call 1-281-878-7400.

 

If you have trouble printing the distribution forms from the web page, just email the CTC Pension Plan Administration Office at pension.plan@ctcd.edu and we will email you the forms, or send you hard copies, if you prefer.