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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.
What else can I help you with?
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.
Can surviving spouse receive the pension?
In many cases, a surviving spouse may be eligible to receive a portion of their deceased spouse's pension benefits. The exact amount and eligibility criteria will depend on the pension plan's rules and the specific circumstances. It's important to check with the pension plan administrator.
When someone dies does the pension from the retirement go to the spouse?
Whether a pension from retirement goes to a spouse after someone's death depends on the specific pension plan and its rules. Many pension plans offer options for survivor benefits, which allow a portion of the pension to be paid to a spouse or designated beneficiary after the retiree's death. However, if the retiree did not select a survivor benefit option or was not legally married, the pension may not transfer to the spouse. It's essential to review the terms of the pension plan for exact details.
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.
Does a navy widow get a pension if her spouse passes away?
Yes, a navy widow is eligible to receive a survivor's pension from the Department of Veterans Affairs if her spouse passes away. The pension amount is determined by various factors including the length of service of the deceased spouse.
When does a pension start after a spouse dies?
That depends on the laws and pension provisions of the country in which the spouse is living. As you have not told us that we can not answer your question precisely. Please take care to provide all the information needed for us to answer your questions when you ask them.
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.
When do ex-spouse pension benefits stop?
Ex-spouse pension benefits usually stop when the ex-spouse who is receiving them remarries, unless there are specific terms outlined in the divorce agreement stating otherwise.
If your spouse retires from in Nycers pension tier 1 and you also work for the same if he passes and his pension options leaves it to you are you eligible to claim your own pension when you retire?
If your spouse leaves their pension to you and you are both members of NYCERS Tier 1, you may be able to receive both your own pension and your spouse's pension when you retire, depending on the specific terms and conditions of the plan. It's advisable to consult with a NYCERS representative for detailed information regarding your specific situation.
How many years do you have to married to collect your spouse pension?
Typically, you must be married for at least 10 years to be eligible to collect your spouse's pension benefits. However, this requirement can vary depending on the specific pension plan and its rules. It's best to check with the pension plan administrator for accurate information.
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.
How many years must you be married to receive spouse pension benefits after death?
The length of marriage required to receive spouse pension benefits after death varies depending on the specific pension plan. In some plans, eligibility may depend on the number of years married, while in others, the spouse may be eligible regardless of the length of the marriage. It is important to review the specific requirements of the pension plan in question.
