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Author: tmeri Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1492  
Subject: Re: pensions and such over 50 Date: 9/12/2006 6:54 PM
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Your spouse who was the participant in the "pension plan" that was going to make retirement "great" predeceases you and you find out then that the non-participant spouse would receive lifetime benefits of 50% of the gross pension that was being paid during the lifetime of the participant ... Oh No !



Perhaps this is not universally true, but I believe in every case I've looked at, the spouse of the pensioner is required to sign a release form when the pension begins stating that he understands the terms of the pension. The exception occurs when the pensioner elects to take the reduced pension that remains the same for the widow(er) when the pensioner dies. In that case, the signature of the spouse is not required.

There wouldn't be a surprise when the spouse dies. There might be a surprise when the spouse prepares to retire, however.




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