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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

Does your spouse sign with you when cashing out your pension?

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.

Who gets a widows pension UK?

Direct quote from the UK government's web-site... "War Widows or Widowers Pension if your wife, husband or civil partner died as a result of their service in Her Majesty's (HM) Armed Forces or during a time of war."

See related link for more details.

How can my mother get my father pension from Pakistan International Airline he passed away in 2006 since then she didn't get the pension?

I am a former PIA employee. PIA pension rules state that a retired employee (pensioner) would receive the pension for his entire life. However, in case he dies, the widow shall receive pension as per the following rules:

(i) If the retiree / pensioner has received pension for 10 years or more, no pension shall be paid to the widow.

(ii) If the retiree / pensioner has received pension for less than 10 years, pension to the widow shall only be paid for such differential period. For example, if a pensioner has received pension for 8 years and he dies, the widow shall receive pension for only 2 years, where after the pension payment shall stop.

I hope this answers the query.

Kind regards,

Syed Shahnawaz Nadir Shah

Does someone who is vested and fired still get their defined benefit pension?

It matters what pension system it is. In many public pension systems unless you retire early and take a vested retirement once qualified for, you will not receive benefits if terminated/fired.

Will I lose my widow's pension if I remarry in Indiana?

What, exactly, is meant by "widow's pension?" Without further information that is impossible to answer. It all depends on the provisions of the particular pension plan or system which is paying you.

If you are currently entitled to this pension by virtue of being married to the deceased who earned this pension during his lifetime, as his surviving widow, you will probably not have to forfeit it.

However, if you are collecting it solely by virtue of the fact that is a subsistence income meant as support for the survivor of a prematurely deceased breadwinner, then you may have to forfeit it once you re-marry and, assumedly, become financially whole again.

All pension and annuity plans are different and you must consult with an attorney who practices in this specialized area for a definitive answer.

Who has the retirement funds of general cinema corp or control of funds after filing bankrupt chapter 11?

Oh, dude, you're talking about General Cinema Corp? That's like old school bankruptcies. After filing for Chapter 11, typically a trustee or court-appointed entity takes control of the funds to manage the company's debts and assets. So, it's not like the company's throwing retirement parties with that money.

If you get a pension check while you are on unemployment what happens?

You should report it to the unemployment office. They will probably offset your benefit, in the week(s) received, only, and by some amount exceeding the benefit. Some states deduct it only under some circumstances. Not reporting it, however, may have dire consequences.

What is the pension of a retired Lt General?

Apparently, under the OLD system of calcuating military retirement, a member of the military leaving service at 20 years would get 50% of the average of the highest three years' salary, with a bonus of 2.5% for each year over 20 (which is 75% if retiring at 30 years). Apparently the new system isn't quite so simple, but my guess is that it hasn't gotten worse, especially for officers wearing stars. An active duty Lieutenant General (pay grade O-9) makes almost $13,000 per MONTH (or $153,000+ per year) plus hefty allowances not all of which carry over to retirement. If the retired Lt General in the Pat Tillman case loses a star, his pension won't suffer much, as an active duty O-8 makes only slightly less per month (about $11,600).

What was the Semiconductor Chip Protection Act?

Th Semiconductor Chip Protection Act of 1984, specifically protected semiconductor design, or "mask work," for up to 10 years.

Are there any options available to a wife who wasn't consulted about her husband buying a 13000 Chevy Avea and financing it for 6-years with the final cost being approximately 30000?

It's doubtful there are options to change or void the agreement unless the husband made the wife a co-borrower/buyer on the loan agreement without her consent. It's possible the loan provider has violated state lending practices. The best choice might be to contact the department of consumer affairs in the state in where the vehicle was purchased to learn of the state laws regarding vehicle sales and financing.

How do I contact Thomas J Lipton Company pension plan?

I worked for the Thomas J. Lipton, Co for 5 years and was vested. Who do I contact to see if their was a retirement plan I am qualified to receive?

What does lifetime pension mean?

pension is a thing you get from retierment for work,and more.You will be guarrteed to have pension when your 65 years old

How much is OJ Simpson's pension?

According to the International Herald Tribune, Simpson's NFL pension is estimated to be $400,000 per year.

Can you draw unemployment if you draw a pension in Kentucky?

You can still draw unemployment while having a pension provided you meet all other qualifications. The amount of the pension will probably be deducted from your UI benefits, however.

Who do you contact since Melville Corporation owes you a monthly pension?

I think it depends on which Melville Subsidiary where you worked? For CVS there is a Retirement Service Center you can contact at 888-694-7287 and follow the prompts to reach the Melville Retirement Plan Administrator who I beleive is Mercer? Good luck, they do not make it easy!

Where is McCrory Stores Pension Plan?

I'm trying to find my account from this plan dk if I may have opted-out or not. This is this info I have: Plan # 13-5580679-053, year reported

  1. If anyone on can Please help me with this I would really appreciate it.

Ty

Ellen at edunning27@gmail com