Status: Closed — this petition is no longer accepting signatures.
Do you want your annuity available more than every 5 years?
Final supporters
At our most recent meeting, a member brought forward the idea of having our annuity more accessible. Currently we are able to take from our annuity every 5 years. We want to explore the idea of taking out a loan on your annuity more frequently, like other Locals are able to do. We want to use this platform to let those at our hall know that much of the body is interested in this potential change in policy. Other Locals are able to take a loan from your own annuity, to be paid back with interest. In talkin to those with this ability, it’s a better option than pulling some of your own money every 5 years and being penalized in taxes. Thanks for your time
Updates
March 27, 2024
Reflecting on the conversations I have had at the hall recently, it is clear that many of us feel the current five-year restriction is outdated. I am currently researching the loan policies of other Locals to better understand how we might structure a more flexible approach for our own members.
March 27, 2024
Seeing this level of engagement confirms that many of us feel the same frustration regarding our current access to these funds. This movement toward a more flexible policy reflects a genuine need for financial stability within our membership.
7 Comments
I don't think it would hurt to have it available more than every five years however I don't wish to have it in a loan format but keep it the way it is with a 50 percent max every x amount of years.
I would like our members to be able to take loans from their annuity and pay it back to themselves.
kinda like the states deferred comp
(_!_)
The Hall is a scam. Take our money whenever they get the chance.
I would rather pay myself back for a loan than pay Uncle Sam’s penalty’s.
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Status: Closed — this petition is no longer accepting signatures.
Do you want your annuity available more than every 5 years?
Final supporters
At our most recent meeting, a member brought forward the idea of having our annuity more accessible. Currently we are able to take from our annuity every 5 years. We want to explore the idea of taking out a loan on your annuity more frequently, like other Locals are able to do. We want to use this platform to let those at our hall know that much of the body is interested in this potential change in policy. Other Locals are able to take a loan from your own annuity, to be paid back with interest. In talkin to those with this ability, it’s a better option than pulling some of your own money every 5 years and being penalized in taxes. Thanks for your time
Updates
March 27, 2024
Reflecting on the conversations I have had at the hall recently, it is clear that many of us feel the current five-year restriction is outdated. I am currently researching the loan policies of other Locals to better understand how we might structure a more flexible approach for our own members.
March 27, 2024
Seeing this level of engagement confirms that many of us feel the same frustration regarding our current access to these funds. This movement toward a more flexible policy reflects a genuine need for financial stability within our membership.
7 Comments
I feel, in our current situatio with work, that it would help those who are out of work to be able to access the money that they earned themselves in the annuity. I feel a loan format however is not a solution
I don't think it would hurt to have it available more than every five years however I don't wish to have it in a loan format but keep it the way it is with a 50 percent max every x amount of years.
I would like our members to be able to take loans from their annuity and pay it back to themselves.
kinda like the states deferred comp
(_!_)
The Hall is a scam. Take our money whenever they get the chance.
I would rather pay myself back for a loan than pay Uncle Sam’s penalty’s.
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I feel, in our current situatio with work, that it would help those who are out of work to be able to access the money that they earned themselves in the annuity. I feel a loan format however is not a solution