Our Group Annuities provide an excellent way for you to invest for your retirement. You will benefit from tax-deferred growth with no limit on annual contributions. GEBA's Member Service Representatives can speak with you about the specific uses of an Annuity and how it may be applied to your personal financial plan.

Eligibility: There is no earned income requirement, age restriction, or Adjusted Gross Income Limit.

Contribution Limits: There is no maximum limit on contributions.

Tax Deductibility: Contributions are not tax-deductible. Growth on your investment is tax-deferred until withdrawal.

Investment Options:

• Stable Value Account
• Variable Annuity
• GEBA MAX

Withdrawal Restrictions: IRS penalty of 10% on withdrawals taken prior to age 59½. Withdrawals/transfers from the SVA are subject to a 5% withdrawal penalty for the first five years after the account is established and a $20 processing fee. Withdrawals are taxable up to the principal contribution amount.

Minimum Distribution: NO required minimum distributions at age 70½.

When would a Group Annuity be the right choice?

• If you are not eligible to make a tax-deductible IRA contribution
• If your Adjusted Gross Income exceeds the maximum limit for a Roth IRA contribution
• If you are over age 70½
• If you do not have earned income and can no longer contribute to an IRA

Income Tax Implications: GEBA does not provide tax services or advice to its members. We always recommend that you consult a tax professional for updated tax information and guidance on your particular situation.

Please Contact Us with your questions. A GEBA representative will send you a full summary plan description upon your request.

NOTE: The information presented is only of a general nature and may omit many details and special rules. Accordingly, it cannot be regarded as legal or tax advice. We always recommend that you contact a tax expert regarding your individual situation.