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Fill in screen then print or print blank form fill in by hand THE WORLD BANK GROUP STAFF RETIREMENT PLAN APPLICATION FOR LUMP SUM WITHDRAWAL BENEFIT for participants joining on or before April 14 1998 Please refer to the Staff Retirement Plan Plan document or consult Pension Administration if you have questions.

How to fill out application for lump sum

How to fill out an application for a lump sum:

1. Start by gathering all the necessary documents and information required for the application, such as identification, proof of income, and relevant financial statements.
2. Carefully read and understand the instructions provided with the application form. It is important to follow the instructions and provide accurate information.
3. Begin filling out the application form by entering your personal details, such as name, address, contact information, and social security number.
4. Fill in the section related to the purpose and amount of the lump sum. Clearly state the reason for requesting the lump sum and the specific amount you are seeking.
5. Provide any additional information or documentation requested, such as bank statements, medical records, or legal documents.
6. Review and double-check all the information entered in the application form to ensure accuracy and completeness.
7. Sign and date the application form. Some applications may require additional signatures from witnesses or legal representatives if applicable.
8. Make copies of the completed application form and all supporting documents for your records.
9. Submit the application and supporting documents to the appropriate authority or organization as instructed.
10. It is always advisable to follow up on your application after submission to ensure it is received and to inquire about the status of your request.

Who needs an application for a lump sum:

1. Individuals who have a structured settlement or annuity and wish to sell a portion or all of their future payments for a lump sum of cash.
2. People who have won a legal settlement or judgment and want to receive their compensation in a lump sum rather than installment payments.
3. Individuals who have an insurance policy with a cash surrender value and want to surrender the policy in exchange for a lump sum payout.
4. Those who have a retirement account, such as a pension or 401(k), and would like to withdraw a specified sum instead of receiving regular payments.

Note: The specific requirements and procedures for filling out an application for a lump sum may vary depending on the purpose and the specific organization or authority. It is recommended to consult the relevant entity or seek professional advice for accurate and up-to-date information.

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What is application for lump sum?

The application for lump sum is a form that needs to be filed by individuals to request a one-time payment instead of a regular income stream.

Who is required to file application for lump sum?

Any individual who is eligible for a regular income stream but prefers a one-time payment can file an application for lump sum.

How to fill out application for lump sum?

To fill out the application for lump sum, you need to provide personal information, employment details, and indicate your preference for a one-time payment instead of a regular income stream.

What is the purpose of application for lump sum?

The purpose of the application for lump sum is to give individuals the option to receive a one-time payment instead of a regular income stream, providing more flexibility with their finances.

What information must be reported on application for lump sum?

The application for lump sum requires personal and employment information, such as name, address, Social Security number, employer details, and the amount or percentage of the regular income stream to be requested as a lump sum.