Payment of Pension Benefits. If you have not done so, it is wise to contact your plan administrator about pension benefits. The plan administrator has 30 days to give you written notice of your benefit amount and when you are entitled to receive it. Some plans may offer early retirement benefits and disability benefits. Some plans may give you a lump sum payment if the amount of your benefit is less than $3500. When you select what type of retirement benefit you want, your spouse will usually be notified and asked to sign a release or consent form. Most private employee benefits are taxable income once you start collecting. Social Security and Pension Benefits Under some pension plans, Social Security and pension benefits are integrated, which means that the amount of the pension can be reduced by all or part of your Social Security check. Since 1988, plans are required to leave at least half of your pension in the plan. Survivor's Pension Benefits Under most pension plans, employees can choose to have pension payments go to their surviving spouses. Check to see whether survivor benefits and early death forfeiture clauses are in your pension. Early death forfeiture means that your spouse does not receive benefits if you die before the early retirement age in the plan. If you die while you are eligible for employee benefits under an employee benefit plan, your spouse may receive a death benefit. If you wish to have someone else receive this death benefit, tell your plan administrator.
Payment of Pension Benefits. Cause each Guaranteed Pension Plan to pay all benefits guaranteed by the Pension Benefit Guaranty Corporation or any corresponding or similar Canadian Person, when due, except so long as the obligation to pay such benefits is being contested in good faith by appropriate proceedings by the Borrower or any Related Entity.
Payment of Pension Benefits the Borrower shall cause any Guaranteed Pension Plan to pay all benefits guaranteed by the Pension Benefit Guaranty Corporation when due, except where the obligation to pay such benefits is being contested in good faith by the Borrower.
Payment of Pension Benefits. 86 Section 11.17. Operating Rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 86 Section 11.18.
Payment of Pension Benefits. 83 ss.11.17. Operating Rights............................................ 83 ss.11.18. Environmental Compliance.................................... 84 ss.11.19. Line of Business............................................ 84 ss.11.20. Further Assurances.......................................... 84 ss.11.21. Commercial Finance Examinations............................. 84
