Alaska Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan

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Multi-State
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US-EG-9312
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Description

Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan between Semiconductor Components Industries, LLC and Motorola, Inc. regarding benefit pension plan meeting requirements of the Internal Revenue Service dated May 10, 1999. 6 pages.
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  • Preview Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan
  • Preview Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan
  • Preview Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan
  • Preview Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan

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FAQ

A Pension transfer agreement (PTA) permits you to increase your pension assets by transferring an amount equivalent to the actuarial value of the benefits earned in respect of your pensionable service credits under your former employer's pension plan to your new employer's pension plan.

(800) 821-2251 If you have any questions about this information, please contact your AlaskaCare plan administrator at (800) 821-2251. Ak DRB > Employee Health Plans - Division of Retirement and Benefits alaska.gov ? employee ? healthplans alaska.gov ? employee ? healthplans

Alaska's Teachers' Retirement System offers a variety of benefits to teachers in the state. Participation in the TRS is mandatory for elementary and secondary-level teachers, school nurses, or any professional requiring a teaching certification as a condition for hire in an Alaskan public school.

Most public employees in Alaska do not participate in Social Security. Alaska Public Employees' Retirement System Key Facts nirsonline.org ? uploads ? 2017/11 ? alaska nirsonline.org ? uploads ? 2017/11 ? alaska

Age 60 for normal retirement or age 55 for early retirement if you first entered the PERS on or after July 1, 1986 (Tier II or Tier III).

States Ranked by Best Retirement Plan Available to New Public School Teachers RankStateBest Plan Available (Design Type)1South CarolinaDC Plan (Pension Option Available)2TennesseeHybrid3South DakotaHybrid4OregonHybrid47 more rows ?

Why Teach in Alaska? Alaska-trained teachers are in high demand. ... Teaching provides the opportunity to profoundly impact the lives of children. ... Teaching credentials are very portable and teaching is a stable, recession-proof career. ... It's a family-friendly work schedule. ... Continued education is incentivised.

We are dedicated to working with you to answer your retirement plan questions and prepare you for retirement readiness. You can call us toll-free at (800) 821-2251 or in Juneau at (907) 465-4460 and speak with a highly-trained Retirement Specialist who can answer your questions right over the phone.

Like most states, teachers need to serve a number of years before qualifying for a pension. For teachers in the pension plan, Alaska imposed an 8-year vesting period. While educators qualify for a pension after 8 years of service, the pension may not be worth all that much.

The Post Retirement Pension Adjustment If you meet these requirements or are age 60 to 64 on July 1, 2023, you will receive 50% (3.948%) of the Consumer Price Index (CPI) change during 2022. Retirees aged 65 or older and all disability benefit recipients receive 75% (5.923%) of the CPI. Ak DRB > PERS Newsbreak: Summer 2023, Issue 128 alaska.gov ? news ? 07128-PERS alaska.gov ? news ? 07128-PERS

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Alaska Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan