|
#2
| |||
| |||
| "rick wintomac" <c308682[at]gmail.com> wrote in message news:abf18a5d-d90f-48f6-abd9-22321f0e04a1[at]z16g2000prn.googlegroups.com... - quote - > 1. Does the commencement of the benefits for the former spouse
Undoubtedly, the answers to these questions depend on the terms specified by> coincide with the date that I elect, or is it a fixed date, such as my > normal retirement age? > 2. If the former spouse predeceases the plan participant, does that > affect the payments to the plan participant? Or does the former > spouse's benefit merely cease and stay in the plan? your company. You need to contact your HR department for clarification. Elizabeth Richardson ------ Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup. |
|
#1
| |||
| |||
| "rick wintomac" <c308682[at]gmail.com> wrote in message news:abf18a5d-d90f-48f6-abd9-22321f0e04a1[at]z16g2000prn.googlegroups.com... - quote - > I have a traditional (Defined Benefit) pension plan. As I am
Her share of what? The amount that was contributed?> divorced, my former spouse is entitled to her share through the date > of separation. Certainly not a share of the Annuity Benfit, since it is as you state "a Single Life Annuity" - quote - > My pension benefit will be a single life annuity, and I will have the
Single life Annuity GENERALLY means that payments will be> option of receiving the monthly benefit starting at normal retirement > for the plan, or at an earlier date. made to the ANNUITANT as long as HE is alive..... - quote - > 1. Does the commencement of the benefits for the former spouse
One would have to see BOTH the Contract and the Divorce Decree ! ! ! ! !> coincide with the date that I elect, or is it a fixed date, such as my > normal retirement age? - quote - > 2. If the former spouse predeceases the plan participant, does that
At this point one can not determine theose supposed Spouse Payments.> affect the payments to the plan participant? Or does the former > spouse's benefit merely cease and stay in the plan? Cal Lester CLU ------ Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup. |
| | |||
| |||
| rick wintomac wrote: - quote - > I have a traditional (Defined Benefit) pension plan. As I am
Was there any court ordered QDRO or anything like that at the time of> divorced, my former spouse is entitled to her share through the date > of separation. > My pension benefit will be a single life annuity, and I will have the > option of receiving the monthly benefit starting at normal retirement > for the plan, or at an earlier date. > 1. Does the commencement of the benefits for the former spouse > coincide with the date that I elect, or is it a fixed date, such as my > normal retirement age? > 2. If the former spouse predeceases the plan participant, does that > affect the payments to the plan participant? Or does the former > spouse's benefit merely cease and stay in the plan? the divorce? Her share through date of separation? I can understand the intent of that sentence but who, exactly, was tasked with doing the math? I think this can be handled one of a number of ways, but you should have paperwork that compels you to one specific method. Joe www.blog.joetaxpayer.com ------ Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup. |
|
#-1
| |||
| |||
| I have a traditional (Defined Benefit) pension plan. As I am divorced, my former spouse is entitled to her share through the date of separation. My pension benefit will be a single life annuity, and I will have the option of receiving the monthly benefit starting at normal retirement for the plan, or at an earlier date. 1. Does the commencement of the benefits for the former spouse coincide with the date that I elect, or is it a fixed date, such as my normal retirement age? 2. If the former spouse predeceases the plan participant, does that affect the payments to the plan participant? Or does the former spouse's benefit merely cease and stay in the plan? Thanks much. ------ Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup. |
| Tags |
| annuity, divorced, life, pension, plan, single |
Similar Threads | ||||
| Thread | Forum | Replies | Last Post | |
| Pension/Annuity considered earned income for traditional IRA purposes??? mouln@yahoo.com: I have a conventional IRA. I understand yearly contributions to the IRA account are deductible on your 1040 if your earned income for year is less... | Financial Planning | 2 | 04-19-2006 02:14 AM | |
| Single, No Dependents: Need Term Life? BRH: Just thumbed thru an article in this week's Newsweek magazine which recommends term life in the amount of at least 8x annual salary. All artic;les... | Financial Planning | 6 | 01-04-2006 03:46 PM | |
| Thread Tools | |
| Display Modes | |
| |