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A survivor benefit is a pension or retirement benefit paid to a surviving spouse or designated beneficiary after a plan participant passes away. When someone earns retirement benefits through a …
What is a Survivor Benefit? – Simple and Easy Explanation Read More
A clear guide to what “surviving spouse” means in pension plans, how benefits work, and how PBGC and QDRO rules can affect payments. Understanding the Meaning of a Surviving Spouse …
What Is a Surviving Spouse? – Simple and Easy Explanation Read More
Temporary pension payments that help bridge the gap to Social Security or normal retirement age. Supplemental benefits are additional, temporary payments that some pension plans offer on top of a …
What Are Supplemental Benefits? – Simple and Easy Explanation Read More
A Summary Plan Description (SPD) is a plain-language document that explains how a retirement or pension plan works and what benefits participants are entitled to receive. A Summary Plan Description …
What is a Summary Plan Description (SPD)? – Simple and Easy Explanation Read More
A subsidized early retirement benefit allows employees to retire before the plan’s normal retirement age and still receive a higher monthly pension than would normally be expected. Instead of applying …
What is a Subsidized Early Retirement Benefit? – Simple and Easy Explanation Read More
A straight-life annuity pays monthly income for one person’s lifetime and stops when that person dies, with no survivor benefits. A straight-life annuity is one of the most common payout …
What is a Straight-Life Annuity? – Simple and Easy Explanation Read More
A clear guide to how standard termination works in single-employer pension plans and what it means for employees and retirees. A Standard Termination is a formal process used to end …
What is Standard Termination? – Simple and Easy Explanation Read More
A spouse is a husband or wife as recognized under applicable law, but in retirement and pension planning, this simple definition carries very important financial and legal meaning. Meta description:Learn …
What is a Spouse? – Simple and Easy Explanation Read More
Spousal consent is a legal requirement in many U.S. retirement plans that protects a spouse’s rights to pension benefits. It ensures that one spouse cannot change certain retirement benefit options …
What is Spousal Consent? – Simple and Easy Explanation Read More
A Social Security Offset Plan is a type of pension plan that reduces an employee’s pension benefit by all or part of the Social Security benefits the employee is expected …
What is a Social Security Offset Plan? – Simple and Easy Explanation Read More