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BURNS INTERNATIONAL SERVICES CORPORATION RETIREMENT PLAN is a Defined Benefit Plan providing retirees with a predetermined monthly retirement benefit upon reaching a specific age. The retirement benefit paid to a retiree is typically calculated using a formula which often employs years of credited service under the plan and salary information. The retirement benefit is typically payable to the employee upon attainment of their normal retirement age for the remainder of his/her lifetime. Benefits under this type of plan are often referred to as accrued benefits. This type of plan does not maintain individual accounts for employees.
It is important to remember that under this type of plan, the Alternate Payee is typically not awarded a lump sum cash payment from the Plan. It is usually a requirement of the Plan that the amount awarded to the Alternate Payee be expressed in terms of a monthly benefit payable for either the lifetime of the Participant or the Alternate Payee.Plan & Company Information:CompanySECURITAS SECURITY SERVICES USA INC4330 Park Terrace Dr
Westlake Village, CA 91361-4630
818-706-6800
What else can I help you with?
Defined benefit pension plan?
A plan that that provides defined benefits. Supplemental Social Security offers several retirement plan for family and individuals.
An organizations benefit plans purchase insurance with the WHOM OR WHAT which insures pension moneys in the event that the company goes bankrupt?
The Pension Benefit Guaranty Corporation, or PBGC is responsible for insuring your pension benefits. In most cases, your pension benefit would be insured up to certain limits. For 2009, a 65 year old has a maximum insured benefit of $54,000 annually. So, as long as your pension benefit is equal to, or less than this limit, you'd still have your full pension benefit even if your company goes under or the pension plan terminates.
What are pension 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.
Where is the former Borden Inc pension plan administered?
Well honey, the former Borden Inc pension plan is administered by the Pension Benefit Guaranty Corporation (PBGC) now. They swooped in like a hero to save the day when Borden went belly up. So if you're looking to cash in on that retirement fund, you better cozy up to the PBGC.
Can you borrow money from your pension plan?
Can you borrow against money from your pension plan?
Defined benefit pension plan?
A plan that that provides defined benefits. Supplemental Social Security offers several retirement plan for family and individuals.
Where can one receive a social security disability benefit?
Social Security Disability Benefits are available from the American Government. In Canada, they are called Canadian Disability Pension Plan Benefits.
Who do you contact about Strawbridge and Clothier pension plan?
For Social Security pension, you must be of the proper age, which is dependent on when you were born. For a company pension plan, contact
You are formerly a 13 years Eckerds employee trying to find out where you can get information about pension plan --you received a letter from socical security benefits to contact eckerd pension plan?
You can try contacting the human resources department of the company that acquired Eckerd's, as they may have information on the pension plan. You can also reach out to the Pension Benefit Guaranty Corporation (PBGC) as they may have details on the pension plan if it was underfunded or terminated. Additionally, you can check online resources like the Department of Labor's Employee Benefits Security Administration for information on pension plans.
A pension asset is reported when?
pension plan assets at fair value exceed the projected benefit obligation.
How do I o contact the Pension Guarantee Benefit Corp regarding my pension benefits?
You can contact the Pension Benefit Guaranty Corporation (PBGC) by phone at 1-800-400-7242 or through their website at www.pbgc.gov. Make sure to have information about your pension plan, such as the plan name and employer information, when reaching out to them.
What is the widows pension and what amount is paid?
A widow's pension is a benefit provided to the surviving spouse of a deceased individual. The amount paid can vary depending on factors such as the deceased spouse's work history and the specific pension plan. It is typically a percentage of the deceased spouse's pension benefit or a flat amount designated by the plan.
What are two factors in calculating a pension benefit?
Two factors in calculating a pension benefit are the average salary earned by the individual during their working years and the number of years the individual has participated in the pension plan. These factors help determine the amount of the pension benefit the individual will receive upon retirement.
Who to contact regarding Disney Salaried Retirement Plan for benefits pension plan. Paper sent to me from Social Security Admin regarding applying for this benefit?
The Disney Salaried Retirement Plan is accessed through Hewitt Associates: http://resources.hewitt.com/disney/
What is a benefit that members of congress enjoy as a part of their compensation as elected federal officials?
One benefit that members of Congress enjoy as part of their compensation is a generous pension plan. After serving for at least five years, they become eligible to receive a pension that is determined by their length of service and salary. This pension can be valuable and provide financial security in retirement.
How do i find info on Hardee's employee pension plan?
hardees retirement benefit forms
An organizations benefit plans purchase insurance with the WHOM OR WHAT which insures pension moneys in the event that the company goes bankrupt?
The Pension Benefit Guaranty Corporation, or PBGC is responsible for insuring your pension benefits. In most cases, your pension benefit would be insured up to certain limits. For 2009, a 65 year old has a maximum insured benefit of $54,000 annually. So, as long as your pension benefit is equal to, or less than this limit, you'd still have your full pension benefit even if your company goes under or the pension plan terminates.
