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  • Pension Option And Beneficiary Form - 1199seiubenefits

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L your Pension Benefit Calculator, whose name and phone number are listed on the letter you received with this form. ! ! ! This form will help you make four important retirement decisions: !! The amounts you will receive each month in your monthly pension check, which are listed on the letter you received with this form; !! Who will receive your pension benefits upon your death (this person is known as your beneficiary or beneficiaries, if there is more than one); !! The amount your spouse.

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That depends. Some pensions end at death, meaning that no beneficiary or family member gets to claim the pension. But other pensions provide for payments to a surviving spouse or dependent children—for a few years for some, and longer for others.

If the member had already retired, the pension payments may either end at the member's death (referred to as a single-life pension) or they may continue to pay benefits to a beneficiary in a reduced amount (referred to as a joint-life or survivor pension).

If you receive retirement benefits in the form of pension or annuity payments from a qualified employer retirement plan, all or some portion of the amounts you receive may be taxable unless the payment is a qualified distribution from a designated Roth account.

The beneficiary is the person who will receive your pension when you die. Much like naming a beneficiary on a life insurance policy, you can name one or more individuals to receive the benefits of your pension.

You will receive a monthly pension payment until your death, and after that, your spouse or beneficiary will receive a monthly pension payment that is one-half (50%) of the amount you received each month, until his or her death.

If you've accumulated 5 years of vesting service,* you are eligible to receive a pension from the 1199SEIU Greater New York Pension Fund. Generally, if you work 870 hours or more in a calendar year, you will earn one year of pension credit and one year of vesting service.

When a participant in a retirement plan dies, benefits the participant would have been entitled to are usually paid to the participant's designated beneficiary in a form provided by the terms of the plan (lump-sum distribution or an annuity).

Since your loved one was an 1199SEIU Benefit Fund member, you are entitled to some important Survivors' Benefits through the Benefit Fund. Those benefits include a limited extension of health benefits through the Benefit Fund, a life insurance policy, a pension benefit and more.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232