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2009-07-02 Father's death and pension question: The payment would be governed by the Beneficiary Designation on file with the Plan Administrator. If there is no designation, the payment would be made based on the terms of the plan document. In most...
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2009-07-02 unvested funds: The money that is not vested is forfeited and reallocated to the other participants in the plan. As far as the check goes, I wouldn't cash it. The plan administrator should have given you choices on...
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2009-06-05 Timing of pension payouts?: The answer under most circumstances is payments should commence "as soon as administratively feasible". If you feel they are taking too long, you can contact the local office of the U.S. Dept. of Labor...
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2009-06-01 Profit Sharing Plan--Change of Investment Co: Unfortunately, everything that was done meets the requirements of the law. However, there are a few things to add: 1. The trustees can change the investment provider. They do have the obligation to...
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2009-05-29 Are Pensions Secure: Under almost all circumstances the pensions are secure. The money in the pension trust account is separate from the assets of the company that established the plan. In the event the company goes bankrupt...
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