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I doubt that it is a requirement of law that they must (although that may depend on your state law) - however - it may be a requirement of your employer - it may be a requirement of the bank or actuarial company that administers the pension plan - it may (possibly) be a requirement of your states law. If the answer is impiortant to you, you should consult with someone IN YOUR STATE who is knowledgeable about such things.
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∙ 13y ago
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Is pension give only for a fixed or limited period?
Pensions can be provided for a fixed or limited period depending on the terms of the pension plan. Some pensions provide payments for a specific number of years, while others may continue for the lifetime of the beneficiary. It ultimately depends on the specific details outlined in the pension plan.
When can a spouse of a veteran collecting monthly pension also collect an portion of his pension?
Not until the veteran dies. The pension is the property of the veteran, NOT their spouse. While the veteran is alive, the spouse would not have any monetary claim on the veterans pension unless they divorced. Only then would she be able to make a claim on a percentage of his pension payment.
When does a pension start after a spouse dies?
The start of a pension after a spouse dies depends on the specific pension plan and the terms outlined in the plan documents. It is recommended to consult with the pension plan provider or the employer's human resources department to understand the specific rules and regulations for when the pension would start after the death of a spouse.
Are you entitled to receive benefits from your spouse's pension if he dies and you are legally separated?
The length of the marriage is what usually determines if a spouse or ex spouse is entitled to any pension benefits either private, SS or RRB.
How long do you have to be married to get the spouse pension?
The length of marriage required to be eligible for a spouse's pension varies by pension plan. Some plans require at least one year of marriage to be eligible, while others might have longer requirements, such as five or ten years of marriage. It is best to check with the specific pension plan in question for their requirements.
Is spouse responsible for deceased pension loan debt when they contact 12 years later?
Maybe. It depends on what happened with the pension after the death and how the estate was handled. If the spouse inherited from the deceased, and continued to receive a payout from the pension, they would probably be liable for the debt.
Is a divorced spouse entitled to pension benefits?
In some cases, a divorced spouse may be entitled to a portion of the other spouse's pension benefits, depending on the laws of the state where the divorce occurred and the terms of the divorce settlement. This typically involves obtaining a Qualified Domestic Relations Order (QDRO) to divide the pension benefits. It is important to consult with a lawyer specializing in family law to understand your rights in this situation.
If you have been married for ten years and are divorcing will i be entitled to spouse's pension and Massachusetts?
Nope, you may get alimony, but you are not entitled to his pension after divorce.
what are survivors?
Benefits that go to the survivors. For example, if you had a pension plan, and you died, your surviving spouse might be entitled to some of your pension payments.
Does the spouse of a president inherit his pension upon his death?
Not automatically. However, in the past, unless the spouse remarries, Congress votes her some pension. Even the President's pension is subject to Congressional vote and could be cancelled at any time, although that would be unlikely, since it has become a custom.
What are survivor benefits?
Survivor benefits are payments provided by Social Security to a spouse, ex-spouse, or dependent children when a worker dies. These benefits help provide financial support to family members who relied on the deceased person's income. The amount of survivor benefits received is based on the earnings record of the deceased person.
Is a working spouse entitled to the others pension fund at divorce?
Depends on when the other person earned the pension, how long you were married and what state you live in.
