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Collins & Aikman Pension Plan Q & A

Normally, we pay benefits in monthly payments for life rather than as a lump sum. However, if the total value of your benefit is $5,000 or less, you can receive a lump sum.

Also, regardless of the total value of your benefit, if you submitted a complete, signed application for your lump sum on or before March 31, 2007, your lump sum application will be processed.

If your lump sum application was received after than March 31, 2007 (or if it was incomplete as of March 31, 2007), PBGC will notify you that the lump sum option is not available.

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