Receiving Your Benefits

Paying Taxes

An Important Point About Taxes

This section entitled “Paying Taxes” is not intended to give specific tax advice to you or your beneficiaries. A more detailed summary, “Special IRS Tax Notice Regarding Plan Payments,” is available at http://hr.uchicago.edu/forms/benefits.html#retirement and from the Benefits Office. Tax laws are complicated and change often. They also affect different individuals in different ways. A professional tax advisor is your best source of information about the tax laws applicable to your distributions from CRP.

While this Summary Plan Description summarizes the major provisions of this plan, it does not provide you with every plan detail. The plan documents, which govern this plan, provide full details. If there are any discrepancies between this Summary Plan Description and the legal plan documents, the legal plan documents control.