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Old 06-30-2008, 07:42 PM
Elizabeth Richardson
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Default Re: Pension Plan - Single Life Annuity (Divorced)


"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
> 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?


Undoubtedly, the answers to these questions depend on the terms specified by
your company. You need to contact your HR department for clarification.

Elizabeth Richardson

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  #1  
Old 06-30-2008, 09:03 AM
Cal
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Default Re: Pension Plan - Single Life Annuity (Divorced)


"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
> divorced, my former spouse is entitled to her share through the date
> of separation.


Her share of what? The amount that was contributed?
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
> option of receiving the monthly benefit starting at normal retirement
> for the plan, or at an earlier date.


Single life Annuity GENERALLY means that payments will be
made to the ANNUITANT as long as HE is alive.....



- quote -

> 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?


One would have to see BOTH the Contract and the Divorce Decree ! ! ! ! !


- quote -

> 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?


At this point one can not determine theose supposed Spouse Payments.

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
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Old 06-30-2008, 01:03 AM
joetaxpayer
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Posts: n/a
Default Re: Pension Plan - Single Life Annuity (Divorced)

rick wintomac wrote:
- quote -

> 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?


Was there any court ordered QDRO or anything like that at the time of
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
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  #-1  
Old 06-30-2008, 12:45 AM
rick wintomac
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Default Pension Plan - Single Life Annuity (Divorced)

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
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