Hi, my name is***** that this is an NMU website, but wonder if you can answer a question re: Seafarers Int. Union Pension Plan
. My question is; can the union plan be forced to offer a lump sum buyout option in lieu of monthly payments/ Thank you for your answer,
JA: Because laws vary from state to state, could you tell me what state is this in?
Customer: The union is headquartered in Camp Springs, Md.
JA: Have you talked to a lawyer yet?
JA: Anything else you think the lawyer should know?
Customer: Companies have been paying into this multi employer plan for 38 years. They are offering me $3110 per month, but only half of that is I sign for the joint and survivor option, which would cut my monthlyu payment by half, and still only award my wife half pay upon my demise. Can this all be legitimate?
JA: Because employment law
varies from place to place, can you tell me what state this is in?
Customer: Again, Camp Springs, Md. , but I think this may fall under federal guidelines.
JA: OK. Got it. I'm sending you to a secure page on JustAnswer so you can place the $5 fully-refundable deposit now. While you're filling out that form, I'll tell the Employment Lawyer about your situation and then connect you two.