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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

How can you get a hold of Wilson Foods Corp concerning your pension?

To find information on the Wilson Foods Corporation Pension Plans you can write to: Tyson Foods, Inc. P.O. Box 2020 Springdale, AR 72762 Attn: Benefits Department

What is a Self Invested Personal Pension -SIPP?

Hi I have been reading about these plans a lot lately as I have been interested in them myself, one thing is for sure my pension won't be all it is craked up to be when I/we retire and my husband signed out of his when he was 18!! I took this write up from Owner Invest - I found them when searching the net looking for information about SIPPs.

Self Invested Pension Plans (SIPP) are one of the most tax efficient and flexible methods of saving for your retirement and savers have more control of their financial destiny because the scheme member has the power to decide when and where the assets of their pension fund are invested. The tax advantages of '''SIPPs are very appealing with contributions treated the same as contributions made to personal pensions. Individual contributions automatically receive basic rate tax relief whilst higher rate tax payers can claim additional relief through their tax returns and there is no capital gains tax applicable on growth.''' Although they've been around since 1989, it wasn't until pension regulations were relaxed in April 2006 that they became more accessible and now everything from shares, company bonds, cash and commercial property can be held in a SIPP wrapper. Hotel rooms in the UK and overseas now constitute a suitable tax free SIPP investment - provided there is no possibility of free personal use. Your SIPP can own an individual room or more, or share in several through a syndicated arrangement.

There seems to be a lot of gain to be made here and worth talking to someone who is a professional in these matters.

How do you find Rockwell International retirement benefits?

I went to the SEC to find Rockwell headquarters. Their web page has a Q&A about 401K's. The Dept of Labor handles retirement plans. Their address is:

U.S. Department of Labor

Employee Benefits Security Administration

200 Constitution Avenue, NW, Room N5623

Washington, D.C. 20210

Toll-Free: 1-866-444-EBSA (3272)

Phone: (202) 219-8776

Good Luck!

How do you contact Michigan National Bank's Pension office?

looking for pension info from Michigan National Bank. employment dates May 1977 to Jan 1986

What are fidelity bond limits?

A "fidelity bond limit" is the actual dollar amount of insurance protection provided by the fidelity bond/insurance contract. E.g., a $100,000 fidelity bond will pay up to $100,000 in covered loss that exceeds the applicable deductible on the bond, if any. A "fidelity bond limit" is the actual dollar amount of insurance protection provided by the fidelity bond/insurance contract. E.g., a $100,000 fidelity bond will pay up to $100,000 in covered loss that exceeds the applicable deductible on the bond, if any.

Where can I find FW Woolworth retirement pension information?

I left woolworth in 1975 after 16 yrs, of service; I had vested rights .

Call 1-877-566-9492 the retirement is with Footlocker, but do not expect much.

How do you qualify for a federal government pension?

For the most part, a person must work for at least 20 years for the federal government to draw a pension or retirement. Employees also contribute to a 401k type investments.

In Spain or other European countries what are the pension plans that qualify for the IRS's definition of a qualified plan?

Probably none. The term qualified plan means qualified under one of the applicable sections of the US Internal Revenue Code. Generally, that means adheres to all the protections, types of investments, non-discrimination rules, trustee and reporting to the IRS as required. Unlikely in a plan set up out of the Country (although if you work for a US employer who has one, or establish a qualified IRA (which by nature means you have US yaxable income, it could happen).

Where can you get information about a lucent technologies vested pension?

Call Pension Services Center: 1-866-429-5764 Business hours: 8:00am - 8:00pm Eastern Time, Monday - Friday Mailing Address: Lucent Pension Service Center P.O. Box 57576 Jacksonville, FL 32241-7576 Web Site: www.lucent.com/alumni

How do you recognize actuarial gains and losses in defined benefit superannuation plan?

IAS 19 provides three alternatives:

Equity: recognise outside P&L, in a separate statement (93b)

Corridor: only the amount that exceeds 10% of defined benefit obligation to be recognised in P&L

Profit & Loss: recognise all directly in P&L

Why did the IRS enact the 20 percent withholding for distributions from employer sponsored retirement plans?

First, the IRS does not enact laws. It only carries them out and sometimes enforces them. Just like any other Department of the government does. Congress makes and votes on all the tax laws (like all the other laws), including the one you ask about. Unless the funds are rolled over to another qualified plan, using qualified intermediaries, they are taxable. They are not taxable if rolled over properly, and hence, no withholding is done. Hence, to avoid someone taking the funds, normally a fair amount of money, and spending it without keeping an adequate amount to pay tax, withholding is done. (Payouts not roll overs ARE taxable). Generally, all withholding requirements are for the same reason - to assure the tax on what would be expected to be a taxable income are in fact paid. Too many people, inspite of all the advice from financial professional, especially in the midst of emotional turmoil and concern after losing a job, would take their money as a payout...and either end up depleting their retirement savings, or at the very least, having a huge tax bill to pay shortly (and large reduction in their savings).

Is the husband's signature needed to draw money from the wife's retirement pension plan?

If it is a defined pension plan where you get a monthly amount no. But the spouse is entitled to half of it or more when the prinary person of the plan dies. Unless they signed offon the pension survivor benefits.

I have credit card debt and I let the bank reposses my home. Can the creditors garnish my disability and pension plan payments be garnished?

Credit card companies can't touch your bank account. They can threaten and do many other things like garnish your wages (if you have a job), send you to collections, etc, but they can't take money from your bank account. Creditor judgments can be executed as bank account levies in every state. The only exception in a very few states are accounts of married couples that are held as TBE. However, all SS, VA, RRB, and most private pensions and all government disability, supplemental income, etc. are exempt from garnishment for creditor debt in all states. Please be advised, SS, VA, RRB, and other retirement and disability benefits should NEVER be commingled with other funds in bank accounts. When such benefits are mixed with other income the creditor can request the account be frozen and the judge rule on what portion of funds are legally exempt.

How would declaring bankruptcy affect your disability pension?

It shouldn't, SSD. RRD and private disability benefits would not be affected by BK and are exempt from attachment in creditor lawsuit judgments.

When your husband passed away he had credit card debt that you were not signed on to will they take his insurance policy and his locked in pension plan to pay the debt you have no estate?

Answer

If your husband passed away and for instance owes $20,000 to $30,000 in debt then it is up to you to pay off that debt whether your signature is on the credit cards or not. Any debts owing must be paid out of the Estate. If he owned a car (you have your own) the car will be sold and hopefully the house will not be sold. It just depends on how many debts he has. Wills go to Probate and all personal/property taxes, creditors and loans have to be paid and then what is left out of the Estate goes to the surviving spouse. If the debts are paid off by any monies your husband had in bank accounts, stocks, bonds, etc., then the IRS wouldn't go after his insurance policy or pension plan. You are entitled to a Widows Pension (also if your husband was in the armed forces check that out.)

I suggest you see a lawyer to be sure what your rights are. You don't want to mess with the IRS. I live in Canada and our Revenue Canada is far more likely to work with us if we owe taxes, but I've heard the IRS can be cruel, unfeeling and will strip a person of everything they own if they owe taxes. Credit card companies are more apt to work with you if you explain the circumstances.

What is a fidelity bond?

A contract which indemnifies an employer for losses caused by dishonest or fraudulent acts of employees.

Can your spouse collect your retirement pension after you die?

Yes, if you are legally married, the survivor is usuallyentitled to continue to collect the pension. although at a reduced rate, than when the pensioner was alive. In certain cases, the pension dies with the person named in the paperwork. Check with the pension provider.what is considered legally married.is common law considered legalley married?

How much pension in UK?

The basic state pension is currently £102.15 per week.

When was Canada Pension Plan created?

Legislation providing for the Canada Pension Plan (CPP) was enacted in the spring of 1965, and the CPP came into being in January, 1966.