Sentences with phrase «plan beneficiary»
A "plan beneficiary" refers to a person who will receive certain benefits or assets from a predetermined plan or arrangement. They are chosen by the plan owner to receive the benefits, such as life insurance proceeds or retirement savings, in the event of the plan owner's death or a specific condition being met. Full definition
When going through a divorce, it's a very good idea to update your retirement plan beneficiaries.
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While some offer obvious advantages for plan beneficiaries, many are structured to favor underwriters.
Even if disclosure were required to the plaintiff as a continuing plan beneficiary, it would only be for periods after the effective date of the new rule.
The PBA / PPSA deemed trust priority is critically important for the Sears Canada Plan beneficiaries in the circumstances of Sears Canada's CCAA proceedings and future competing claims of other creditors.
At a very general level, this case raises the issue of how the law balances the interests of pension plan beneficiaries with those of other creditors.
During his time as senator, Obama co-sponsored the Employment Non-Discrimination Act, Matthew Shepard Local Law Enforcement Hate Crimes Prevention Act, Tax Equity for Domestic Partner and Health Plan Beneficiaries Act, and Early Treatment for HIV Act.
The minor must remain the 529 plan beneficiary at all times.
Plaintiff alleged that our client systematically and wrongfully denied in - patient mental health care benefits to plan beneficiaries who suffered from eating disorders.
One final note: retirement plan beneficiary designations are not governed by a will.
The changes Original Medicare and Medicare Advantage plan beneficiaries can make during the annual enrollment periods.
Inherited Roth IRAs are specifically designed for retirement plan beneficiaries — those who have inherited a Roth IRA or workplace savings plan, such as a Roth 401 (k).
There is, however, a special tax provision that allows an individual to make an election to gift up to $ 65,000 in 2012 to a single 529 plan beneficiary in one year and treat the gift as a series of five equal annual gifts.
«There's that old saying [that] bad facts make bad law, and I think with Indalex, it was the particular relationships between the corporation and the entity lending money was not an arms - length entity, so I think the court thought on these particular facts that the pension plan beneficiaries had really been shafted,» says Brown.
The plan beneficiary has to be enrolled in school to qualify for the computer and Internet perks, though.
Avoid this problem by making sure your retirement plan beneficiaries and the designations listed in your will are in agreement.
The name, address and Social Security number of your plan beneficiary (the person to whom you'll leave the money in the account when you die)
These items must be used by the plan beneficiary while enrolled in college.
Andrew has advised many different participants in pension and benefit arrangements, including plan administrators, employers, boards of directors, trustees, insurance companies, investment managers and plan beneficiaries.
Defended a plan sponsor and retirement plan against a claim for additional pension benefits by a plan beneficiary.
As a pre-eminent full - service, national law firm, we act for a range of participants in retirement income and employee benefits arrangements, including plan administrators, employers, boards of directors, trustees, regulators, investment managers and plan beneficiaries.
As long as a policy owner is current on premium payments during an active term, death benefits are guaranteed to be paid to the plan beneficiaries if the policy holder dies.