Until now, the obligation to
send pension statements to former and retired plan members has been an absolute legal requirement.
You can find out if you're at risk by looking at your
annual pension statement, which will show if there is a shortfall in the fund.
The fact that an administrator did not have correct (or any) address information, did not relieve the administrator from the legal obligation to
send pension statements.
Her latest
pension statement from her employer estimates that she'll receive about $ 41,000 gross a year — including company pension, CPP and OAS — starting at age 65, as long as she stays with her current employer until then.
For non-employed sources of income,
provide pension statements, awards letters or other appropriate documentation to support income
If your annual
DB pension statement doesn't show you how much pension income you can expect when you retire, ask your pension administrator for a projection.
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By the time you're closing in on retirement,
your pension statement becomes absolutely fascinating.
Check
your pension statement to verify how pension earnings are calculated.
LoanMart accepts
your pension statements from your retirement funds as a source of income.
This is your current monthly figure as provided by your employer on
your pension statement.
Pension statements can be confusing and I've frequently encountered very intelligent people who grossly under or overestimated their pension values by misinterpreting the information, Tina.
Income verification may include a recent payroll stub showing year - to - date earnings,
a pension statement, social security statement or retirement benefits statement.
Find out who those people are, and write to the Superintendent now to request that he waive
the pension statement obligation for those individuals.
The Ontario Superintendent of Financial Services now has the authority to waive the administrator's legal obligation to provide
a pension statement that would otherwise have to be sent to an unlocatable member.