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A pension payment option that helps retirees receive a more stable monthly income before and after Social Security begins. Many retirees worry about a drop in income when they transition …
What is Social Security Leveling Option? – Simple and Easy Explanation Read More
Annuity option that pays retirement income based only on one person’s life, usually the retiree, with payments ending at death. A Single-Life Annuity is one of the most common payout …
What is a Single-Life Annuity? – Simple and Easy Explanation Read More
A single-employer plan is a pension plan sponsored by one employer or a group of commonly owned companies to provide retirement benefits to their employees. Understanding a Single-Employer Plan in …
What is a Single-Employer Plan? – Simple and Easy Explanation Read More
The Single-Employer Pension Plan Insurance Program is a federal insurance program run by the Pension Benefit Guaranty Corporation (PBGC) that protects workers’ pension benefits when certain private pension plans fail. …
What is the Single-Employer Pension Plan Insurance Program? – Simple and Easy Explanation Read More
A shutdown benefit is a special type of early retirement benefit that may be provided under a single-employer pension plan when a company permanently closes a facility and employees lose …
What Is a Shutdown Benefit? – Simple and Easy Explanation Read More
A rollover is a tax-free transfer of retirement savings from one qualified retirement plan to another. It allows individuals to move their retirement money without paying immediate taxes or penalties, …
What Is a Rollover? – Simple and Easy Explanation Read More
A risk-transfer event is when a company reduces or eliminates pension obligations by shifting future benefit risks to participants or an insurance company. A risk-transfer event is an important concept …
What is a Risk-Transfer Event? – Simple and Easy Explanation Read More
A risk-transfer event occurs when a company takes action to reduce or eliminate its pension benefit obligations by shifting financial risk away from itself and onto plan participants or insurance …
What is a Risk-Transfer Event? – Simple and Easy Explanation Read More
A retiree is a pension plan participant who has stopped working and has begun receiving retirement benefits from an employer-sponsored pension plan or from the Pension Benefit Guaranty Corporation (PBGC). …
What Is a Retiree? – Simple and Easy Explanation Read More
Required Beginning Date (RBD) is the deadline by which a qualified retirement plan must start paying out benefits to a participant. In simple terms, it is the date when the …
What is a Required Beginning Date (RBD)? – Simple and Easy Explanation Read More