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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
When did old age security pensions start?
Old Age Security (OAS) pensions in Canada were introduced in 1952. The program was created to provide a basic income for seniors who are 65 years and older and meet certain residency requirements. Since its inception, OAS has played a crucial role in supporting the financial well-being of Canadian seniors.
Are exwifes entited to inland steel pension plans?
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!
How do I go about getting my half of my X-husband's pension?
How do i go about receiving my husbands old age pension since he has passed on
If your only income is from a pension can you still contribute to an IRA?
NO. Pension income would NOT be a QUALIFIED EARNED INCOME for contributions to a IRA account.
No - I believe Prudential received plan assets sufficient for them to provide estimated retirement benefits to vested plan members. Actuaries probably figured out the expected cash outlay to Prudential and worked back to the $$ needed from Maxus to fund Prudential's future obligation. Back in the mid-90's I received a letter with estimated retirement benefits. Unless you years of service or salary history changes, no change in retirement benefits. Since the plan was closed, no way to change years of service or salary history.
How do you find out about pension benefits owed to you?
i worked for a subsidiary of arthur d little how can i find out if there was pension owed me
What is Revere Ware Corporation pension plan phone number?
I'm sorry, but I don't have access to specific contact information such as the phone number for Revere Ware Corporation's pension plan. I recommend checking the company's official website or contacting their human resources department for assistance.
Where are the funds of the pension plan held for an ex-employee of fedders corporation?
I worked for Emerson for 16 yrs. very good company and sad what happened. anyway the pension plan is with cna institutional markets and the phone number to see if you qualify is 1-800-304-3454. you had to be vested before you could qualify for benefits about 6 yrs i think. i was divorced so i had my husbands name taken off. i started receiving my pension when i turned 60 since that's when you are eligible. i wasn't going to wait until i was 65 because who knows where i would be and no one gets the money. hope i helped.
If you receive a deceased person's pension do you have to claim it as income?
Sure you do have to report the pension amount on your 1040 federal income tax return and the taxable amount of the distribution will be taxed to you in the same way that it was taxed to the deceased taxpayer.
What percentage of pension do air traffic controllers receive after 20 years of service?
What percent of salery will we get from being a airtraffic controller if we retire at 20 years of service?
Can the IRS seize a pension if it is your only income?
Yes some pension income can be seized by the IRS.
What is unfunded pension liability?
Unfunded pension liability
When a company, town or state pays its pensions obligations to retirees out of current income rather than from a separate fund to which it has contributed over time.
Can you pick up your mother's pension?
Only if you have your mother's power of attorney may you pick up your mother's pension.
A military pension is a monetary benefit/entitlement that is earned after a minimum of 20 years of military service. It is based on final paygrade, length of service and retirement plan elected.
Difference between Settlement and Curtailment in Pension Plan?
On occasion, an employer may end a pension plan. When a plan is ended, it is a pension plan settlement; the obligation to the pensionable group is settled by transferring assets to a trustee, and any deficiencies in funding are remedied.
If the settlement is partial, which means the pension plan continues but a company decides to down-size the company which results in lay off employees, this is called curtailment.
Gains and losses that arise from settlement or curtailment are not subject to amortization. Settlements relate to employees who are no longer with the company and Average Remaining Service Period (ARSP) is zero, gains and losses are recognized immediately.
How do you apply for Litton Industries retirement benefits?
i received a statement from the Social Security Admin. telling
me i had an annuity the i can receive from Litton industries retirement fund. i would like to know how to contact them and get it started
What company handles Kelsey Hayes hourly pension plan?
I am trying to locate the Pension Plan for my mother. My father worked at Kelsey-Hayes Company. Who can you contact for this information.
