City of Lake Mary MPP Enrollment - Web Book - Ready - Flipbook - Page 2
PICTURE IT NOW! YOUR FINANCIAL FUTURE
WELCOME TO THE PLAN
PICTURE IT NOW! Your Financial Future
Welcome to the City of Lake Mary General Employees Pension Plan (also
known as the Plan). This employee benefit was developed specifically to help
you accumulate the money you will need to live a long and comfortable
retirement. The Plan is a retirement savings plan that allows your retirement
dollars to grow tax deferred using investment options that you select.
“What is tax-deferred growth? How do I choose investments?”
Good questions. The answers to these and other questions can be found in
this guide, developed for City of Lake Mary. You’ll also learn how to put
together a mix of investments that’s right for you based on your age, risk
tolerance, and unique financial circumstances. After reviewing the basics of
asset classes and investment performance, you’ll be ready to choose
investments that meet your needs.
We at City of Lake Mary are pleased to provide this Plan to our employees, as
it is one of the most valuable employee benefits available today. We hope
that you will use the information contained herein to make the most of
the City of Lake Mary General Employees Pension Plan.
Should you have any questions about how your plan works, please call
800-393-9900.**
Sincerely,
City Manager
*Withdrawals will be taxed at then-current rates. Early withdrawals prior to age 59 ½ may be subject to a 10%
penalty. **While telephone representatives are happy to answer questions about the Plan’s features and
investment options, they are not permitted to provide investment advice. For questions about the
investment options relate to your specific situation, please contact a qualified financial advisor.
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