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Working with You to Provide the Best Healthcare. Plan 17 Summary Plan Description January 1, 20191Family Medical Care Plan 17 Summary Plan DescriptionIMPORTANT CONTACT INFORMATION NECK/IBEX Family

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How to fill out your defined benefit pension

01

Obtain the necessary documents from your employer, including the pension plan booklet.

02

Understand the different options for receiving your pension benefits, such as lump sum payment or annuity.

03

Fill out the required forms accurately and completely.

04

Submit the forms to the pension plan administrator or HR department.

Who needs your defined benefit pension?

01

Employees who want a guaranteed income stream in retirement.

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Individuals who value the security of a defined benefit plan over market fluctuations.

03

Workers who plan to stay with the same employer for a long period of time.

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What is your defined benefit pension?

A defined benefit pension is a retirement plan where an employer promises a specified monthly benefit upon retirement.

Who is required to file your defined benefit pension?

Employers who offer a defined benefit pension plan are required to file the necessary paperwork with the appropriate regulatory bodies.

How to fill out your defined benefit pension?

Employers must provide detailed information about the plan's funding, participant demographics, and benefits in the required forms.

What is the purpose of your defined benefit pension?

The purpose of a defined benefit pension is to provide retirement income security for employees by ensuring a pre-determined benefit amount upon retirement.

What information must be reported on your defined benefit pension?

Employers must report details such as plan assets, liabilities, funding status, participant data, and benefit formula in the required filings.

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