If you leave the Company with less than 2 years' Scheme membership you may receive a refund of your personal contributions, less deductions. If you leave the Company with two or more years' Scheme membership, you will be granted a deferred pension payable from normal retirement date. As an alternative you can choose to transfer your deferred pension to another pension arrangement.

Leave your pension credit in the STSS. This is called ‘preservation’. These preserved benefits increase in value each year at a rate equivalent to the Retail Prices Index (RPI). Transfer your pension credit to another form of pension provision. If you have not qualified for benefits you can take a repayment of your pension contributions See similar questions...

If you are receiving Workers' compensation benefits, you should consult an attorney before you file an application for pension benefits. The Workers' compensation insurance company is entitled to receive a credit for any pension benefits to the extent that those benefits were funded by your time of injury employer. If you defer collecting your pension, you may be able to collect larger benefits later on and may be able to settle your Workers' compensation case on favorable terms. See similar questions...

You will need to advise your company administrator in order to action your cancellation request. Anyone leaving the employ of the company MUST hand in their card when they leave. Should you not return your card, you will continue to be charged and invoiced for the pass until it is returned. A one-year commitment is required, after which you can stop deductions. See similar questions...

Welderqual allows you to define welders as 'inactive'. All their qualifications remain valid, but will not be found during a search for qualified welders. If an inactive welder rejoins the company, setting the welder to 'active' will then make all the qualifications visible. See similar questions...

Provided you are aged 55 or over you may retire on the grounds of Actuarially Reduced Retirement or Phased Retirement. When such benefits are paid factors are applied to the retirement pension and lump sum to take account of the early payment. Again, based on your assumptions the retirement calculator on the website can be used to provide such estimates of reduced benefits. See similar questions...

Certifications are associated with individuals, not companies. Your certification is granted to you and it will move with you wherever you go. Top See similar questions...

In many cases the pension will be one of the largest matrimonial assets and since 1st December 2000 a party to a marriage has been entitled to claim a share of their spouse's pension. Offsetting" - whereby the party without the pension takes more of the other's share of the matrimonial assets, usually the equity in the house, in return for not making a claim against their spouse's pension. See similar questions...

In general, if you are married, your spouse is entitled to a portion of your pension if you die first. There is some cost to that, however, that usually serves to reduce the monthly retirement payments you would have received if the benefits were to be paid just during your lifetime. If you and your spouse agree, you can waive this survivor benefit protection, and/or sometimes name some other person(s) (such as a child) as your beneficiary. See similar questions...

Most private pension plans are covered by the federal Employee Retirement Income Security Act (ERISA), not by state law. The Employee Benefits Security Administration (EBSA) of the U.S. Department of Labor is responsible for regulations in this area. Call (617) 569-9600 or visit the EBSA website at http://www.dol.gov/ebsa. See similar questions...

The Family and Medical Leave Act, effective August 5, 1993, requires an employer to maintain coverage under any group health plan for an employee on FMLA leave under the same conditions coverage would have been provided if the employee had continued working. Coverage provided under the FMLA is not COBRA coverage, and FMLA leave is not a qualifying event under COBRA. See similar questions...

If you were given notice that your employer has laid you off or if the company closed its doors completely, you would have a qualifying layoff. If the company has you on their records as still employed, you will not be eligible at this time. Contact your company if you have questions about whether or not you are still employer-attached. If they have laid you off, you will want to apply for eligibility as an individual. See similar questions...

Generally, QDROs are used either to provide support payments (temporary or permanent) to the alternate payee (who may be the spouse, former spouse or a child or other dependent of the participant) or to divide marital property in the course of dissolving a marriage. These differing goals often result in different choices in drafting a QDRO. This answer describes two common different approaches in drafting QDROs for these two different purposes. See similar questions...

Yes, they are simply paid into your bank account. For more information: www.dss.gov.uk (for UK) or www.welfare.ie (for Eire). See similar questions...

Yes, however, this refund is not part of the settlement. Both the Housing Authority and the Transit Authority, at the City's suggestion, filed claims seeking refunds of the FICA taxes paid on LoDI payments received for a period of six months or less. Unfortunately, prior to 1995 these police forces were not part of the City of New York and thus these payments could not be included in the City's refund claims or in the litigation that occurred. See similar questions...

A public pension plan, the Canada Pension Plan (in Qu?bec, the Qu?bec Pension Plan) is administered by the government and requires contributions from both employers and employees at prescribed rates. See similar questions...