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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 Missouri tax military pensions?

Yes, Missouri does not tax military pensions. In 2006, the state exempted military retirement benefits from state income tax, allowing veterans to receive their pensions without a tax burden. This applies to retirees from the U.S. Armed Forces, including active duty and reserve members.

How can former employees collect pension benefits from Strawbridge and Clothier stores?

Former employees of Strawbridge and Clothier stores can collect their pension benefits by contacting the pension plan administrator or the human resources department that managed their retirement benefits. They may need to provide identification and details about their employment to verify their eligibility. It's also advisable to review any documentation received during employment regarding the pension plan, as it may outline the steps and requirements for claiming benefits. Additionally, former employees can seek assistance from the Pension Benefit Guaranty Corporation (PBGC) if the plan has been terminated.

Where is the pension fund acquired from Kidder Peabody?

The pension fund acquired from Kidder Peabody is typically associated with assets or investment portfolios managed by the Kidder Peabody financial services firm, which was involved in various investment banking and asset management activities. Specific details about the fund's location or management structure would depend on the context of the acquisition and the agreements made during the transaction. For precise details, consulting financial records or announcements related to the acquisition would be necessary.

When someone dies does the pension from the retirement go to the spouse?

Whether a pension from retirement goes to a spouse after someone's death depends on the specific pension plan and its rules. Many pension plans offer options for survivor benefits, which allow a portion of the pension to be paid to a spouse or designated beneficiary after the retiree's death. However, if the retiree did not select a survivor benefit option or was not legally married, the pension may not transfer to the spouse. It's essential to review the terms of the pension plan for exact details.

How do you collect your defied pacific bell pension?

To collect your defined Pacific Bell pension, you typically need to contact the plan administrator or human resources department for specific instructions. You'll likely need to submit a claim form along with any required documentation, such as proof of identity and employment history. It's essential to review the pension plan's terms to understand your eligibility, payment options, and any tax implications. Finally, ensure you keep records of all correspondence related to your pension claim.

Is pf pension received taxable?

Yes, the Provident Fund (PF) pension received is generally taxable in India. However, the tax treatment can vary based on the duration of the employee's service and the specific plan provisions. For instance, if the employee has completed more than five years of service, the withdrawal amount may be exempt from tax under certain conditions. It's advisable to consult with a tax professional for personalized guidance.

Can you claim mothers pension after her death?

Yes, it is possible to claim a mother's pension after her death, but it typically depends on the specific pension plan and its rules. Many pension plans have provisions for surviving family members, such as spouses or dependent children, to receive benefits after the account holder's death. It's essential to check the terms of the pension plan and contact the relevant pension provider for guidance on the claims process and eligibility requirements.

Where to find your allied domecq pension fund?

To find your Allied Domecq pension fund, start by checking any previous correspondence or documents related to your employment, as these often include details on your pension plan. You can also contact the human resources department of the company where you worked or reach out to the pension plan administrator for assistance. Additionally, consider visiting the official website of the pension provider, where you may find resources or contact information to help you access your account.

How much pension can you have before paying tax?

The amount of pension income you can receive before paying tax depends on your total income and the tax allowances in your country. In the UK, for example, the personal allowance is £12,570 for the 2023/2024 tax year, meaning you can earn this amount tax-free from all sources, including pensions. Any income above this threshold may be subject to income tax at your applicable rate. It's important to check the specific rules in your country, as they can vary significantly.

What pensions are exempt from garnishments?

Certain pensions are generally exempt from garnishments, including those from government sources such as Social Security, military retirement, and federal employee pensions. Additionally, many state laws protect private pensions, making them exempt from creditors. However, exemptions can vary based on jurisdiction and the type of debt involved, so it's essential to consult local laws for specific protections. Always seek legal advice for personalized information regarding individual circumstances.

Where is the jack eckerd pension plan?

The Jack Eckerd Pension Plan is typically associated with the former Eckerd Corporation, a chain of drugstores founded by Jack Eckerd. The plan would likely be managed by a financial institution or pension fund designated to handle the retirement benefits for former employees. For specific details about the plan's current status or location, it's best to contact the plan administrator or the company directly for the most accurate and updated information.

How do you find out a pension plan for revco d s inc?

To find out about the pension plan for Revco D.S. Inc., you can start by checking the company's official website for any information regarding employee benefits. Additionally, reviewing the employee handbook or contacting the human resources department directly can provide specific details. If available, you might also consult financial or pension plan databases that track corporate retirement plans. Lastly, consider reaching out to former employees or professional networks for insights.

How can you get copys of your pension check stubs?

To obtain copies of your pension check stubs, you should first contact your pension plan administrator or the financial institution managing your pension. They may have an online portal where you can access your statements or request copies directly. Additionally, you can inquire about receiving paper copies via mail if you prefer that method. Ensure you have your account details ready for verification when you reach out.

How does a Teamsters pension work?

A Teamsters pension is a retirement benefit provided to members of the International Brotherhood of Teamsters, a labor union representing various workers. Members typically contribute to a multi-employer pension plan, where benefits are based on factors like years of service and earnings. Upon retirement, members receive monthly payouts, which can vary depending on the specific plan and the member's contributions. The pension is designed to provide financial security in retirement, and it may also include provisions for survivors or disability benefits.

Where is the contact for strawbridge and clothier pension plan?

For inquiries regarding the Strawbridge and Clothier pension plan, you should typically reach out to the company's human resources department or benefits administrator. If you're unable to find specific contact information, checking the official website or any documentation provided during your employment can also be helpful. Additionally, former employees may find useful resources through pension plan managers or financial advisors.

Where is the farmer jack employees pension fund?

The Farmer Jack Employees Pension Fund was a pension plan associated with the Farmer Jack grocery store chain, which operated primarily in Michigan. However, the company declared bankruptcy and closed its stores in 2007. As a result, the pension fund's status would have been affected by the bankruptcy proceedings, and affected employees would need to consult the Pension Benefit Guaranty Corporation (PBGC) or legal representatives for details on their benefits and the fund's current status.

What happened to General Instruments Pension plan after they were purchased by Motorola?

After General Instruments was acquired by Motorola in 2000, the pension plan's future became uncertain. Motorola opted to freeze the General Instruments pension plan in 2001, which meant that no new benefits would accrue for the employees who were part of that plan. This decision led to significant changes for many employees, as they had to transition to different retirement savings options provided by Motorola. The freeze was part of a broader trend at the time, where many companies were re-evaluating their pension obligations.

Who holds the pension for A B Dick Company now?

As of my last knowledge update in October 2023, the pension for A B Dick Company is likely managed by a pension fund or a financial institution that has taken over the pension obligations. Specific details can vary based on corporate restructuring, mergers, or acquisitions. For the most accurate and up-to-date information, it would be best to consult official company announcements or financial reports.

Can IRS take your pension if you owe them money?

Yes, the IRS can potentially take your pension benefits if you owe them money. However, this typically depends on the type of pension plan you have and the specific circumstances of your debt. For most qualified retirement plans, such as 401(k)s or IRAs, the IRS generally cannot seize the funds directly, but they can levy your benefits if they are distributed to you. It's important to consult with a tax professional for personalized advice based on your situation.

Who is the pension plan administrator for vitro corporation?

I don't have specific information about the pension plan administrator for Vitro Corporation. To find the most accurate and up-to-date information, I recommend checking the company's official website or contacting their human resources department directly.

How do I claim my pension from courtaulds?

To claim your pension from Courtaulds, you should first contact the pension scheme administrator or the HR department of the company. They can provide you with the necessary forms and information about the claim process. Ensure you have your personal details and any relevant employment information on hand. Additionally, check if you need to meet specific eligibility criteria or provide documentation to support your claim.

How much would a widow of a Lt Col receive in pension?

The amount a widow of a Lieutenant Colonel (Lt Col) would receive in pension varies based on several factors, including the country, specific military branch, years of service, and the Lt Col's retirement plan. In the U.S. military, for example, a surviving spouse may receive a portion of the service member's retirement pay, often calculated as around 55% of the retired pay. Additionally, there may be benefits from the Survivor Benefit Plan (SBP) or other programs that could further enhance the total pension amount. It's essential to consult specific military pension guidelines or a financial advisor for precise figures.

Can you collect unemployment after working 30 hrs a week the last 3 and now I am downsized but collect a pension from a full time job I retired from 3years ago?

In general, eligibility for unemployment benefits varies by state, but working 30 hours a week typically indicates you were employed full-time, which could qualify you for benefits if you've been downsized. However, receiving a pension from a previous job may affect the amount of unemployment benefits you can receive, depending on local laws. You should contact your state's unemployment office for specific guidance based on your situation.

What is base pension?

A base pension refers to the foundational amount of retirement income that an individual receives from a pension plan, typically provided by an employer or government. This amount is usually determined by factors such as salary history, years of service, and specific plan formulas. Base pensions serve as a financial safety net in retirement, ensuring a steady income stream, and can be supplemented by savings and other retirement accounts.

Who do you call for American cyanamid pension?

For inquiries regarding American Cyanamid pension benefits, you should contact the benefits administrator or the human resources department of the company that acquired American Cyanamid, which is now part of BASF. You can also reach out to the pension plan's administrator directly if you have their contact information. Additionally, check any documentation you have related to your pension for specific contact details.