Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: KLP who wrote (287712)	8/17/2002 9:34:45 AM
From: Mr. Whist	Read Replies (1) \| Respond to of 769670

Re: "When he died, I think his widow received his last check, and NO MORE." That's no different than my present pension plan. When I retire, I have the option (for less money) to have my wife continue to receive monthly benefits for (a) five years or (b) for life if I should die first. Spousal five-year or lifetime benefits come with a price ... usually 10 percent of the monthly pension benefit for (a) and about 20 percent for (b). In other words, if my straight monthly pension benefit is $1,000, I can elect to have my spouse receive my pension for life if I should die first, but my monthly benefit is reduced, from day one, to $800 a month. It's all a matter of how you spin your own annuity. Re: "I believe he got the grand sum of $50/mo from the union": Sounds to me this wasn't an actual pension plan, but some kind of ancillary benefit program for retirees. Are you saying this person's company provided no retirement plan? Did he qualify for Social Security?