MORE PENSION.COM
2909 S 120th St
Omaha, NE 68144
ph: 402-505-3414
fax: 888-449-8414
frank
Services
We provide services of working with you to learn about your pension, what your options are and develop a plan to maximixe your pension so it works for you and your family the way you want it to.
Why Spend so many years earning the pension and not be able to use it to work for you. Let's find out your options.
Defined Benefit Plans-Employee Retirement Income Security Act (ERISA)
Covers two types of pension plans:
Defined Benefit Plan -
A defined benefit plan promises a specified monthly benefit at retirement. The plan may state this promised benefit as an exact dollar amount, such as $100 per month at retirement. Or, more commonly, it may calculate a benefit through a plan formula that considers such factors as salary and service — for example, 1 percent of average salary for the last 5 years of employment for every year of service with an employer. The benefits in most traditional defined benefit plans are protected, within certain limitations, by federal insurance provided through the Pension Benefit Guaranty Corporation (PBGC).
Defined Contribution Plan -
A defined contribution plan, on the other hand, does not promise a specific amount of benefits at retirement. In these plans, the employee or the employer (or both) contribute to the employee's individual account under the plan, sometimes at a set rate, such as 5 percent of earnings annually. These contributions generally are invested on the employee's behalf. The employee will ultimately receive the balance in their account, which is based on contributions plus or minus investment gains or losses. The value of the account will fluctuate due to the changes in the value of the investments. Examples of defined contribution plans include 401(k) plans, 403(b) plans, employee stock ownership plans, and profit-sharing plans.
Information provided by US Department of Labor
Joint Survivor Example 1
This could be one of the options you have, Should you take the Single which would not give your spouse a check after you pass? Do you know what the difference is and how much this exaple could be costin you in the long run?The "Normal Form" Example
Does your plan have the "NORMAL" form? They can call it that but this example shows again, is the pension really being realized and how do you do that. Let us help...It is truly free to talk with usRollover
Is your pension one that needs to be fully or partially rolled over into an IRA, do you know?
Frank P Bisarek Let us help you benefit the most from your pension.
Here is some of what our customers have said about our agency
2909 S 120th St
Omaha, NE 68144
ph: 402-505-3414
fax: 888-449-8414
frank
