Can an ex-spouse receive both a part of the pension and a Qualified Preretirement Survivor Annuity?
Typically, no. Under most plans, the death of the employee before commencement of benefits would cause the pension to be forfeited, and the only benefit payable would be a qualified preretirement survivor annuity. 20. If an Alternate Payee is awarded part of the pension, but not the Qualified Preretirement Survivor Annuity, what happens if the Participant dies prior to retirement? The Alternate Payee will probably get nothing from the Plan. Return to the Top 21. What are post retirement cost-of-living increases (COLAs)? These are small incremental increases that keep retirees’ benefits in line with inflation. A COLA is usually based upon the increase in the Consumer Price Index. Not all plans offer COLAs. 22. What is an early retirement subsidy? Early retirement subsidies can come in a variety of different forms and are sometimes offered for different reasons. An early retirement subsidy can be a package deal to encourage early retirement in an effort by the company or union to downsiz
Related Questions
- If an Alternate Payee is awarded part of the pension, but not the Qualified Preretirement Survivor Annuity, what happens if the Participant dies prior to retirement?
- Can an ex-spouse receive all or a portion of a Qualified Preretirement Survivor Annuity if the participant dies before retirement?
- Can an ex-spouse receive both a part of the pension and a Qualified Preretirement Survivor Annuity?
