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Where can you get information about a lucent technologies vested pension?
Wiki User
∙ 16y ago
Call Pension Services Center: 1-866-429-5764 Business hours: 8:00am - 8:00pm Eastern Time, Monday - Friday Mailing Address: Lucent Pension Service Center P.O. Box 57576 Jacksonville, FL 32241-7576 Web Site: www.lucent.com/alumni
Wiki User
∙ 16y ago
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What is a vested pension?
It means that what assets are in your pension account, they belong to you. All belong to you if you are 100% vested. Only half, if 50% vested.
When was the law of a 10 year vested company pension introduced?
The law of a 10 year vested company pension or the Employee Retirement Income Security Act was introduced in 1974.
Is there a phone number to contact at and t about your Deferred Vested Pension?
I am a former western electric employee vested and was laid off will be 62 on my birthday and I want start my pension. How do I get in contact with them?
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.
Is interest on vested benefits calculated in pension expense?
No. Interest on projected benefit obligation is used and that encompasses both vested and non-vested amounts.
Standard brands inc did it have a pension plan that vested after ten years?
did peek freans have a pension plan
Information on ATT pension plan?
I need info concerning vested pension and someone I can talk to concerning my account of the vested pension 13 years with at & t. I have letters with the amount I am supposed to start receiving at age 65. I am now 65 & need to speak with someone concerning my account Thank you, Donovan Bertrand 606-432-1009 donovanb@bellsouth.net
Where can I find FW Woolworth retirement pension information?
I left woolworth in 1975 after 16 yrs, of service; I had vested rights . Call 1-877-566-9492 the retirement is with Footlocker, but do not expect much.
What is defered vested?
Deferred VestingA pension plan participant's right to receive benefits from a plan that requires a minimum age and a minimum number of service years before the participant is vested in the benefits.
Can you borrow money against your pension?
Most pensions are not "technically" owned by the recipient, but by the organization(s) providing the pension. Accordingly, one has few options for borrowing money against the pension. Also, until one is fully vested in (i.e., owns) that set of pension benefits, that individual would not be able to access any of the benefits provided. So, for the most part, no, one cannot borrow against their pension. However, if the following conditions are met, then there is a possibility of borrowing against the pension: (1) The organization allows the individual to use the pension as collateral for a loan (2) The individual is vested in some part of the benefit and only wants to borrow against that part of the benefit that they are vested in (3) The vested benefits are guaranteed by the organization Given the above three conditions, a person may be able to get a loan against that pension from a reputable financial institution. An alternative to a loan, a lump sum payment, is available if the individual is already collecting payments/benefits from the pension. In this case, either the organization or a reputable financial institution will make a "trade" of a lump sum for the rest of your payments. In whichever case you choose, when using a financial institution, expect to pay a 1% to 3% fee of the total present value of your pension benefits to complete the transaction.
Who do you contact regarding an vested pension benefit from Pacific Northwest Bell?
Pacific Northwest Bell (PNB) is a former Bell System company that has undergone various mergers and changes. If you have a vested pension benefit from Pacific Northwest Bell and are seeking information or need to contact someone about your pension, consider the following steps: Identify the Plan Administrator: Determine the entity or organization currently responsible for administering the pension plan. This may involve researching past mergers and acquisitions that affected Pacific Northwest Bell's pension plans. Check Plan Documents: Review any pension plan documents, statements, or communication you have received. These documents may contain contact information for the plan administrator or details on how to inquire about your vested pension benefits. Contact the Company or Successor: If Pacific Northwest Bell has undergone mergers or acquisitions, contact the current company or successor that may be responsible for managing pension benefits. Check the company's official website or contact their human resources or benefits department for assistance. Retirement Benefits Department: Reach out to the retirement benefits department of the current company or organization associated with Pacific Northwest Bell. This department is likely to have information about pension plans and benefits. Employee Assistance or Benefits Hotline: Some companies provide employee assistance or benefits hotlines. Check if the company associated with Pacific Northwest Bell has a dedicated hotline for retirement benefits or pension-related inquiries. Contact the Pension Provider: If Pacific Northwest Bell had an external pension plan provider or trustee, consider reaching out to them for information. Contact details for the pension provider may be available in your plan documents. Government Resources: If you are having difficulty locating information or the company is no longer in operation, you may contact government agencies for assistance. The U.S. Department of Labor and the Pension Benefit Guaranty Corporation (PBGC) can provide guidance on pension-related matters. Legal or Financial Advisors: Consult legal or financial advisors who specialize in pension and retirement planning. They may be able to guide you on the appropriate steps to take and provide assistance in navigating the process. It's crucial to have relevant documents, such as your pension plan statements and any communication received from Pacific Northwest Bell, when reaching out for assistance. Additionally, stay persistent and patient, as obtaining information about pension benefits may take some time. Keep in mind that specific details about your pension may be subject to privacy and confidentiality rules, so be prepared to provide necessary identification and verification information when contacting relevant parties.
What year did mimimum pension vesting change to five years?
The minimum pension vesting period changed to five years in the year 1986. This was a significant change that increased the amount of time an employee had to work before becoming fully vested in their pension benefits.
