My ex-husband is entitled to 50% of my salaried Inland pension as part of our divorce settlement. In Michigan (can't comment on other states) the claim is a QDRO (Qualified Domestic Relations Order).
If your divorce decree includes it, have your attorney contact the pension department of the surviving company, Arcelor-Mittal (?) Once it's completed, you in effect become another retiree receiving a pension from Inland based on whatever percentage of your ex's pension your divorce decree states. My QDROs on his pension were completed within a year of the divorce. My ex still hasn't finished the paperwork on my, so I just figure I'll get half of my Inland pension.
Hope this helps & good luck!
The four types of pension plans available for retirement savings are defined benefit plans, defined contribution plans, cash balance plans, and hybrid plans.
Pension plans are a type of retirement plan in which the employee and employer make contributions. These contributions are invested and to be received upon retirement. In most all cases pension plans are tax exempt. The two types of pension plans are defined benefit plans and defined contribution plans. A defined benefit plan guarantees an amount upon retirement no matter how the investment performed. A defined contribution plan is not a guaranteed amount and heavily depends on the investment performance.
The pension plans of previous employees of Alexander would typically be managed by a pension fund or a financial institution designated by the company. If Alexander has undergone mergers, acquisitions, or financial restructuring, the responsibility for these pension plans may have transferred to another entity. It is advisable for former employees to consult with Alexander's HR department or their pension plan documents for specific details.
You can try reaching out to the company's HR department or pension administrator for information on past pension plans. Additionally, you may find historical records or details through government agencies like Pension Benefit Guaranty Corporation (PBGC) in the US or Financial Services Regulatory Authority (FSRA) in Canada, depending on the country where the pension plan was operated.
This figure differs from year to year. However, it is estimated that 92% of US employers currently offer pension plans.
There are several websites that offer pension plans from Fiserv. A search engine can also be used to find information regarding pension plans. You can go directly to the souce and find the information at www.fiserviss.com. This is probably the best wa to get the most current information.
Advantages of pension plans include providing a stable income in retirement, employer contributions, and potential tax benefits. Disadvantages can include limited control over investments, changes in pension fund performance, and potential risk if the pension plan is not fully funded.
Up to the judge
To find out about pension plans from defunct Leaseway Transportation, you can start by contacting the Pension Benefit Guaranty Corporation (PBGC), which may have information on pension plans of defunct companies. Additionally, checking with the state’s department of labor or the company’s last known contact information may yield results. Online resources like the National Archives or industry-specific forums may also provide insights or connect you with former employees who have knowledge about the pension plans.
Information about pension plans offered in Canada can be found at the Service Canada website. They have a complete section for those seeking information about the CPP / Canadian Pension Plan as well as retirement benefits and pensions.
Yes, there certainly are medical plans. Also, in England (and in a few places in the U.S.) there are pension plans that will ensure continuing medical help once their work is done. There are groups trying to get these pension plans enforced over the whole United States.
is there any pension scheme available to public in andhra bank