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Recent Private Pension questions

If my wife's private pension plan pays based on gh 5 earning

If my wife's private pension plan pays based on high 5 earning years from past 10 years and she leaves the company's employment at age 58. So does the 10 years mean the last 10 employed or is it last 10 calendar years?

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Law Educator, Esq.

Attorney At Law

Doctoral Degree

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I am English but now a US resident. On applying

I am English but now a US resident. On applying for social security I was asked if I had a UK pension. I had paid into UK Social Security system and qualify for the small (about $700 per month) UK social Security and made the mistake of telling US Social Security that Yes, I did get that income. They now tell me they are deducting that amount from my US Social Security payment. Seems rather unfair as I have made all my payments into both systems I dont even qualify for the max payment here, $1400 now about to be reduced by $700 or there abouts.(1) I am sure you have heard of this before is there anything I can do?(2) I also get a small (actually exactly same amount) from a annuity I had while over there. If I was to say I made mistake and the amount is actually coming from a private fund. Can US Social Sec Office person search UK Social and find out I that I do actually get UK Social Sec payments? This might seem a stupid question but I since I still work I am also paying about $6000 per year in Social Security contributon with no increase in my total as it does not increase after 70. Net result not very good since I paid into all these systems and now they want to withold.

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Marsha411JD

Doctoral Degree

18,816 satisfied customers
I am 64 yrs old and have worked in the trucking business since

I am 64 yrs old and have worked in the trucking business since I was 21 yrs old for several different companies. From Jan., 1979 to Aug., 1985 I worked for Holmes Freight Lines in Sioux City, Ia. They were a Teamster company under Teamsters 383 of Sioux City, Ia. Now it is under 554 out of Omaha, Ne. Holmes closed the Sioux City, Ia terminal in August, 1985 and moved the terminal to Des Moines, Ia. I was not offered a job in Des Moines to start with. About 6 months they said they could use me some in Des Moines but would only guarantee me 20 hrs per week. Pretty tough to support a wife and 2 young girls in Des Moines on 20 hrs per week. My question is when Holmes closed the terminal and I was out of work I took a withdrawal card from Teamsters 383. I'm wondering if I can get any share of Union retirement for my 6yrs and 7 months of union service. I have that some people can get something for 5 yrs of service not being able to reach the 10 yr vested time.My name is ***** *****sen and my email is *****@******.*** Thanks in advance for your help.

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Legalease

Attorney At Law

Doctor of Law w/ highest honors

14,904 satisfied customers
employer law states 20hr.a week recieves a pension....i worked

employer law states 20hr.a week recieves a pension....i worked 15hr. a week but recieved paperwork for years with pension numbers...i am told no to a pension now. What do i do?

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Law Educator, Esq.

Attorney At Law

Doctoral Degree

106,664 satisfied customers
I work at Continental Industrial Banks in 1974 which was bought

I work at Continental Industrial Banks in 1974 which was bought out by Manufacturers Hanover which was bought out by Chase... I believe I have retirment coming ... who can I call... talked to JP Morgan Chase XXX-XXX-XXXX & XXX-XXX-XXXX.. there is no record of me

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Law Educator, Esq.

Attorney At Law

Doctoral Degree

106,664 satisfied customers
im employed by a company that has "locked" its traditional

i'm employed by a company that has "locked" it's traditional pension plan and started the employees in a cash balance plan. The traditional pension plan grows in monthly payments if deferred when the employee retires, ie: If the employee retires at (the company's full retirement age of 62) but defers receipt of the "traditional" portion of the retirement package until reaching age 66, the monthly payment will be larger (until death, when it stops) than it would be at 62. SO here is the question: Since the reason the monthly benefit is larger by deferring the start of the benefit for a number of years is due to the annunity being started at (62 but not collected on until 66) it grows, can an employee that has reached the full benefit age (62) request the traditional pension plan annunity to be started, and defer receipt of the monthly paymnets until a later date? The risk here for the employee is their death before that deferred date. I do not see any risk or negitive financial impact for the employer (company). Is this something that can be done?

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Law Educator, Esq.

Attorney At Law

Doctoral Degree

106,664 satisfied customers
Hi, My husband recently retired and as we were filling out

Hi,My husband recently retired and as we were filling out the paperwork for the pension. We noticed an additional form stating that in case we discover that he has a disease or injury that is directly related to his working that job, and he sues for damages and wins, we have to pay the company back from the pension money. They are making it mandatory that we sign the form. Can they hold our pension hostage if we don't sign? Please help direct us on what we shoud do.

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Legalease

Attorney At Law

Doctor of Law w/ highest honors

14,904 satisfied customers
2 yrs ago work injury, WC wants to settle on 5% PD. 1 year

2 yrs ago work injury, WC wants to settle on 5% PD. 1 year ago had serious illness that may require I don't work anymore. If i take 5% WC PD, will this reduce my disability payment in the event I can't work again because of serious illness I now have. living in CA. Thanks

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Loren

Juris Doctor

36,276 satisfied customers
I have been working at a Catholic school for 17 years. Our

I have been working at a Catholic school for 17 years. Our present principal has mismanaged funds and as a result is giving us gigantic cuts in pay. She even wants to have some of the teachers work part time. I had thought this was not possible as we actually do grade after work, and go to meetings without pay ( we are on salary) She want to talk to us individually about our contract and has crossed out our pay (in the past) There are so many unethical things she has done, it would be hard to list them all!I know in California we are allowed to be fired (or laid off) no matter what, also, the church does not pay any unemployment, so we cannot collect this either. Everyone at work is quite worried. I really was thinking of having a lawyer come in with me when we actually sign a contract. Please advise. Thank you!

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Barrister

Attorney/Landlord/Realtor

Doctoral Degree

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