The *LSC Communications pension plan is being terminated because it is underfunded and the company is unable to continue to make contributions to the plan. The plan is underfunded because of a number of factors, including the decline of the printing industry, the increasing cost of providing pension benefits, and the company's financial performance.

All participants in the *LSC Communications pension plan will be vested in their benefits as of the plan termination date. This means that you will have a right to receive your pension benefits, even if you leave the company before retirement.

You have three options for your vested pension benefits:

1. Leave your money in the plan until you retire. Your pension benefits will continue to grow in the plan until you retire. At retirement, you will receive your pension benefits in the form of monthly payments for life.
2. Take a lump-sum payment. You can take a lump-sum payment of your vested pension benefits. The amount of the lump-sum payment will be based on your age, years of service, and salary.
3. Roll over your money to another retirement account. You can roll over your vested pension benefits to another retirement account, such as an IRA.

Leaving your money in the plan until you retire:

• Pros: Your pension benefits will continue to grow in the plan until you retire. You will receive a guaranteed stream of income in retirement.
  
  
• Cons: You may not have access to your money until you retire. You may be subject to investment risk.
  

Taking a lump-sum payment:

• Pros: You will have immediate access to your money. You can use the money to pay off debt, buy a home, or invest in other ways.
  
  
• Cons: You may have to pay taxes on the lump-sum payment. You may outlive your money.

Rolling over your money to another retirement account:

• Pros: You will have control over your investments. You may have more investment options than in the LSC Communications pension plan.
  
  
• Cons: You may have to pay fees to manage your account. You may be subject to investment risk.

The best option for you will depend on your individual circumstances and financial goals. You should carefully consider your retirement income needs, your risk tolerance, and your tax situation. You should also speak with a financial advisor to get help making an informed decision.

You will receive your pension benefits in the form of monthly payments for life beginning at your normal retirement age. Your normal retirement age is 65. You may be eligible to retire early at age 55 with 10 years of service. However, early retirees will receive a reduced pension benefit.

You will receive your lump-sum payment within 60 days of submitting your lump-sum election form to the plan administrator.

*Please note that The Retirement Group is not affiliated nor endorsed by LSC Communications

Your lump-sum payment will be taxed as ordinary income. You may also be subject to a 10% early withdrawal penalty if you are under the age of 59½.

To roll over your vested pension benefits to another retirement account, you will need to contact the plan administrator and request a direct rollover. The plan administrator will send your money directly to the new retirement account.

If you do not make a decision about your vested pension benefits by the plan termination date, your benefits will be automatically rolled over to an IRA.

You can contact the plan administrator by calling 1-800-677-8670.

If you leave *LSC Communications before the plan termination date, you will be vested in your pension benefits as long as you have at least 5 years of service. You will have the same three options for your vested pension benefits as participants who are actively employed on the plan termination date:

1. Leave your money in the plan until you retire.
2. Take a lump-sum payment.
3. Roll over your money to another retirement account.

If you die before the plan termination date, your beneficiary will receive a death benefit. The amount of the death benefit will be based on your age, years of service, and salary.

If you die after the plan termination date, your beneficiary will receive the remaining balance of your pension account.

*Please note that The Retirement Group is not affiliated nor endorsed by LSC Communications

If you are disabled, you may be eligible for disability retirement benefits. The amount of the benefit will be based on your age, years of service, and salary.

Your pension benefits will not be affected by the cost of living. This means that your pension benefits will not increase over time.

If you get divorced, your spouse may be entitled to a portion of your pension benefits. The amount of the benefit will be determined by the court in your divorce decree.

If you go back to work for *LSC Communications after the plan termination date, you will not be eligible to participate in the LSC Communications pension plan. However, you may be eligible to participate in another retirement plan offered by LSC Communications.

There are a number of resources available to help you make a decision about your vested pension benefits. You can contact the plan administrator for information about your benefits and the different options available to you. You can also speak with a financial advisor to get help making an informed decision.

The first thing you should do is review the information that *LSC Communications has provided to you about the pension plan termination. You should also carefully consider your individual circumstances and financial goals. If you have any questions about your benefits or the different options available to you, you should contact the plan administrator or a financial advisor.