Reverse Mortgage Guide

Do you know your pension benefits?

Not what you’re “supposed” to get, but what you will actually get — especially if your employer has not fully funded the plan?

The Pension Rights Center says that the Labor Department is considering a better form to explain pension benefits — or the declining availability thereof.

You can see the form by going to:

http://www.pensionrights.org/policy/regulations/model-notice.pdf

Is this form clear to you? Does it make sense?

Companies can use eight language options to explain the looming impoverished their workers are about to experience.

If you find that proposed form is unclear regarding cutbacks and reductions, voice your opinion. There’s a clever online form you can use at this address:

http://capwiz.com/pensionrights/issues/alert/?alertid=11266671&type=CU

Why is this important? People depend on promised pension benefits as part of their retirement funding, along with Social Security, investments and — in some cases — reverse mortgage dollars. If you get less than expected your lifestyle will decline, and regardless of the polite language in a government form that’s a lousy situation.

This entry was posted on Thursday, April 24th, 2008 at 12:01 am and is filed under Reverse Mortgage . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.