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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
What are the new benefits for pensioners in Sixth Pay Commission?
what will be the benefits for existing pensioners in 6th pay commission of govt of india?
Can you collect your retirement pension and unemployment benefits?
This depends entirely on the state you work in. Some states allow both, others offset the unemployment benefits by the portion the employer paid into the pension, etc.
This depends on several factors: 1) If you are truly "retiring", then no, because you have to seek full time employment 2) The type of retirement (Social Security always is allowed, but Illinois, Louisiana, Utah, and Virginia offsets your unemployment by some factor of the Social Security benefit), and 3) The state involved, as they all have different regulations concerning other income beside your benefit.
Hate to be vague, but it is a multifaceted question. If a USA pension, is it covered by ERISA, if not what is the applicable law. Does the Labor department (EBSA) have any jurisdiction. Is this a true "defined benefit" pension under US law? Does the US Constitution have any bearing? What does the plan document say. Is there a collective bargaining agreement that might provide for maintenance of benefits or other restrictive terms of the contract .IBM has lost cases relative to just such issues recently. This could be very simple, or as you can see, very complex. Many of these cases have resulted in large class action lawsuits.
How do you get your pension from continental general tire?
I'm trying to get in touch with the organization that holds my pension, from General Tire Canada, they closed 1993 Steve Handy
What is new Pension of defence personnel in 6th CPC?
I AM EX JUNIOR WARRANT OFFICER RETIRED ON 01 JUNE 2003. CURRENT PENSION AFTER COMMUTATION 5400. HOW MUCH I MAY GET NEW PENSION what will be the pension of jwo 'X' gp. after the 09-10 budjet approval.
Can your beneficiary collect pension after your suicide?
Can you collect pension money after my brother commited suicide
Who has the authority to define a year of service for pension protection purposes?
who has the authority to define a year of service for pension protection purpose
Is there a pension for Revco employee's?
Am I due a pension from Revco D S after almost 20 yrs service
Who is entitled to your pension when you die?
It would depend on the country you live in and company/organization worked for.
In more advanced countries and states a person's not only would their spouse be eligible but if they were not married their domestic partner would be eligible
A collection agency cannot seize a bank account period. ALL SS benefits are exempt from creditors. A collection agency cannot threaten to take your property nor do they have the power to do so. They can inform you that the account is being referred to a collection attorney who can pursue legal action. Be that as it may, your bank accounts are safe. You can inform the agency and the bank in no uncertain terms if they attempt such an action, you are prepared to sue for damages. The only way to stop collection bullies, is to play offense not defense.
How much fixed the pension for sixth pay commission?
19 comments at 1:12 PM In a development that could well encourage more civil servants and armed forces personnel to opt for careers in the private sector, the government has decided to grant full pension benefits to all government employees who leave after 20 years in service, against the current 33 years.
The Union Cabinet has accepted this proposal, along with other recommendations of the Sixth Pay Commission on pension benefits for the estimated 3.84 million central government pensioners at a meeting here on Thursday. Experts said the reduction in the number of years of service to 20 years to earn full pension benefit was a liberal move and would end stagnation in government service.
Government officials told Business Standard that several other recommendations have also been accepted. These include raising the gratuity limit to Rs 10 lakh, higher pension for octogenarians, exclusion of earned leave encashed while in service from the overall limit, clubbing of earned leave and half-day pay leave for encashment.
Pensioners to get 40% raise, more gains for octogenarians.
Octogenarians will now be paid an additional 20 per cent of their basic pension, while those aged 85 will get 30 per cent more, rising to 100 per cent additional pension for centurions.
Officials said the final award for pensioners accepted by the government implied that central government pensioners would receive an overall increase of 40 per cent in pension. As a result the total estimated pension liability of nearly Rs 29,900 crore of the central government will go up by nearly Rs 1,400 crore annually.
Based on the Invest India Incomes and Savings Survey, 2007, it is estimated that 5.3 per cent central government employees (170,000) are likely to retire in the two years till 2009-10.
Another proposal to change the commutation formula and outsource the process to public sector banks, which would have saved the government Rs 2,344 crore annually, is also likely to have been accepted. If implemented, the government will bear only a notional subsidy on account of the interest payable to banks by employees who decide to commute a part of their pension, against the entire amount plus interest.
The central government had estimated 3,321,210 employees (excluding defence personnel) on its rolls in 2007, with the number projected to go up marginally to 3,329,682 in 2008.
Most pension benefits or at least a portion thereof are exempt from creditor attachment. All SS benefits including SSD and SSI are totally exempt under federal law from judgment action.
vesting
How do you know if you are eligible for a vested service pension from Western Electric?
Call Fidelity Investments 1-800-416-2363. I worked for Western Electric from 1971 until the divestiture in 1982, and I found out that at the age of 65 I will be eligible for a pension. I was put in touch with Fidelity by the A.T.&T. Benefit Center, 1-877-722-0020.
Standard brands inc did it have a pension plan that vested after ten years?
did peek freans have a pension plan
Under an ERISA plan, the terms of the plan supersede prior ad hoc (as well as written severance policies) by preemption. The benefits an ERISA plan include all terms being set forth in one document, thereby increasing the liklihood that its terms are applied--and administered--uniformly, which likely may benefit an employer in the event that litigation arises. Further, the plan administrator can decide eligibility and other plan questions according to a broad standard of review. Employers should follow the terms of the plan as appropriate. If you are an employer seeking additional information: www.seas-solutions.com. This is not legal advice.
i got a letter from social sec admin saying ameritech corporation, 175 E. Houston 8-Q-3, san Antonino TX 78205-2255 was the address provided to me on the sheet...no phone number, I'm still looking for it :)
You want to check your account with ibtc pension managers?
To check your account with ibtc pensions managers you need a pin number. If that number has been lost or stolen, you can contact them online.
Depends on who they worked for. Some firms and many corporations have pension funds.
Are you asking in terms of 'vesting'? Such as in stock options or 401K? If so, it just means you earn the right to what ever it is. So, if the company contributes to your 401K but you're not vested, the money isn't yours. If you are 20% vested, then 20% of what they contributed is now your money.
