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Keogh and Pension Plans

Pensions were originally "defined benefit" plans funded by companies for their retiring employees. The term is used more now to describe hybrid employee- and employer-funded retirement plans such as 401(k) and SEP plans.

874 Questions

Do you lose your widows pension if you remarry?

In some cases, a widow's pension may be affected if you remarry. Depending on the specific terms of the pension plan or government program, remarrying may result in the loss or reduction of the pension benefits. It's important to check the terms and conditions of the pension plan or consult with a financial advisor for guidance in your specific situation.

How many years do teachers have to work to get a pension?

The number of years a teacher has to work to qualify for a pension varies depending on the specific pension plan offered by the school district or state. In general, it is common for teachers to have to work for around 25-30 years to qualify for a full pension.

How much is a 10 year teacher's pension?

The amount of a 10 year teacher's pension can vary based on factors such as salary, years of service, and the specific pension plan in place. It is determined by a formula that typically takes into account the average of the teacher's highest earning years and a percentage based on years of service. It is best to consult with the relevant pension authority for an accurate estimate.

How long do you wait to receive deferred pension lump sum?

The time to receive a deferred pension lump sum can vary depending on the pension plan's rules and processing times. Generally, it can take a few weeks to several months after retirement for the lump sum to be processed and paid out. It is advisable to contact the pension plan administrator for specific information on timelines and requirements.

Do you lose your husbands private pension if you remarry at 70?

It depends on the specific terms of the pension plan and any applicable laws. Some private pensions may have clauses that terminate spousal benefits upon remarriage, while others may allow benefits to continue. It’s important to review the pension plan documents or consult a legal professional to understand how remarriage may impact the benefits.

What is the average pension for retired US federal employees?

The average pension for retired US federal employees is around $34,000 per year. This amount can vary depending on factors such as length of service and highest salary earned during employment.

What do pensioners get?

Pensioners typically receive regular payments from a retirement plan, such as a pension fund or government program, to support them financially during retirement. These payments are based on factors like years of service, salary, and contributions made during their working years.

How old must you be to claim a state pension?

The age at which you can claim a state pension varies by country. In the UK, for example, the current state pension age is 66, but it is set to increase in the coming years. It's best to check with your country's pension authority for specific age requirements.

When can you begin collecting on a vested pension?

You can typically begin collecting on a vested pension once you reach the plan's defined retirement age, which is usually between 55 and 65. Some plans may allow for early retirement with reduced benefits or have specific rules regarding when benefits can be accessed.

How many union retires on pension?

The number of union retirees receiving pensions varies depending on the specific union and pension plan. It is important to consult with the union's retirement benefits department or the pension plan administrators for the most accurate and up-to-date information.

Do you lose your widow pension if you move in with partner?

In some cases, moving in with a new partner can affect your eligibility for a widow's pension, as it is typically based on your relationship status. It's important to check the specific rules and guidelines of the pension scheme you are enrolled in to understand how cohabitation may impact your benefits.

What age can you get the Australian pension born 1958?

You can typically access the Australian Age Pension at the age of 67, which is the current qualifying age for those born in 1954 and after. If you were born in 1958, you may be eligible to apply for the pension once you reach the age of 67, subject to meeting other eligibility criteria.

Is any part of additional state pension means tested?

The additional state pension in the UK is not means-tested. It is based on your National Insurance contributions and is separate from means-tested benefits.

What is the Croda pension scheme address?

The Croda pension scheme address is: Smart Pension Ltd, Victory House, 7 Selsdon Way, London, E14 9GL, United Kingdom.

Who do you contact about a pension question you worked for e f Hutton from 1967 to l978?

You can contact the Human Resources department of the company that acquired E. F. Hutton, as ownership of the pension plan may have transferred to them. If E. F. Hutton no longer exists, you may need to reach out to the Pension Benefit Guaranty Corporation (PBGC) for assistance in locating your pension plan.

Are you entitled to a widows pension at the age of 55?

It depends on the specific rules and regulations of the pension plan you are referring to. In some cases, widows may be entitled to a pension at the age of 55 if they meet certain criteria outlined in the plan. It is best to consult the specific pension plan or a financial advisor for accurate information in your situation.

Can you get a pension without contributions my wife 66 has retired but i do not for another 2 years?

It depends on the pension plan. Some plans may allow spousal benefits for non-contributing spouses, but eligibility criteria vary. It's best to check with the pension provider or a financial advisor for specific details on your wife's pension plan and any potential benefits for you.

Who is responsible for preparing the Pension papers of a retiring employee in a Municipality?

Typically, the Human Resources or Payroll department in a municipality is responsible for preparing the Pension papers of a retiring employee. They ensure all necessary paperwork is completed accurately and submitted to the appropriate pension fund for processing.

How long does it take to get your pension check if you withdraw it all?

It can take up to 60 days to receive your pension check if you withdraw your entire balance. This time frame allows for processing, approval, and distribution of the funds.

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.

Could i claim a widows pension after 7 years of separation?

This would depend on the laws and regulations of the specific jurisdiction where you reside. In some places, you may be eligible for a widow's pension after 7 years of separation if certain criteria are met, such as formal legal separation or abandonment. It is best to consult with a legal professional or the relevant government agency for personalized advice.

What is the average pension amount in america?

As of 2021, the average monthly pension benefit in the United States is around $1,430. However, this amount can vary significantly depending on factors such as the individual's work history, salary level, and length of service with their employer.

What age can you take your miners pension?

Typically, miners can start taking their pension benefits as early as age 50, but may face penalties for early withdrawal. Full retirement age for most pension plans is around 65-67 years old. It's best to check with your specific pension plan for exact age requirements.

What age do women get their old age pension?

The age at which women can start receiving their old age pension varies by country, but it typically ranges from 60 to 65 years old. Women may be eligible for a higher pension amount if they delay claiming their pension until they are older.

How can you find out how much you have in your GE pension plan?

You can check your GE pension plan balance by accessing your account online through the GE Pension Benefits website or by contacting the GE Benefits Center. You will need your account information or Social Security number to access this information.