SIS Penion Fund Frequntly Asked Questions

Questions and Answers about Casualty Losses and Hardship Distributions

As you may know, the Sprinkler Industry Supplemental Pension Fund (“SIS Pension Fund”) provides for Hardship Distributions to Participants with an immediate and heavy financial need that cannot be met through other sources.  Among the categories of deemed immediate and heavy financial need are expenses for the repair of damage to the principal residence of a Participant that would qualify for a casualty deduction under §165 of the Internal Revenue Code (Code).  

The following is an explanation of the Hardship Distribution benefit that may be available to you to repair your home in the wake of Superstorm Sandy.

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