Total and Permanent Disablement Benefit

If you become totally and permanently disabled before the age of 55, either through injury or illness, you may become entitled to a benefit.  That benefit will be paid as a lump sum and is made up of:

• The balance of your Voluntary Account (if any); and
•  a percentage of your Compulsory Account that depends on your age at the time of making the claim.

The percentage of your Compulsory Account that you would be entitled to is shown in the following table.

If you are totally and permanently disabled at age 55 or later you will become entitled to an Early Retirement Benefit.

If your Compulsory Account balance is less than $45,000, it will be paid to you as a cash lump sum. If your Compulsory Account balance is greater than $45,000 you are entitled to elect to take 25% as a lump sum. However, if the Compulsory Account balance, after your election to take a 25% lump sum, is less than $45,000, you will be paid that as a lump sum as well.

If you become totally and permanently disabled between the ages of 50 and 55 and the balance of your Compulsory Account after electing to take a 25% lump sum payment, is in excess of $45,000, the balance of your Compulsory Account will be transferred to a Pension Account and a pension will be paid when you reach 55 at the applicable pension rate. All pension accounts are invested in the CINSF Conservative (Default) Fund.

By electing to take a lump sum, this will reduce the size of the Early Retirement Pension you will receive.

You may also be entitled to receive a total and permanent disablement benefit from the Group Life Insurance Policy should your medical condition meet certain criteria.

A Total and Permanent Disablement benefit will not be paid if you are receiving a benefit from a Workers Compensation Fund that makes continuing contributions to the Fund on your behalf, until the continuing contributions to the Fund cease.