True/False: For the participants in Mandan (OnPoint sub-group BP), benefit service will only be applied up to February 1, 2012.
What is True
100
When is the earliest a ptp can commence his pension?
The 1st of the month following termination
100
This is what the active participant uses to log in to the pension website.
What is his/her Andeavor Network ID and password?
100
This is December 31, 2010 or the appropriate settlement date if Mandan or LAR are concerned.
When does the benefit service end?
100
This is the percentage of pensionable pay the ptp receives when he/she is 50 through 59 years of age.
What is 7.5%?
200
The Cash Balance is calculated with FAP and interest credits
What is False, pay & interest credits
200
What is the time it takes to perform final calculations for an active employee?
20 days
200
Where can a ptp get the SPD.
website or call center
200
This is the last day the participant's highest compensation counts in the formula.
What is at termination?
200
This is one of the acquisitions during the cash balance plan.
What is Great Northern Midstream, BP Carson, Chevron, QEP Field Services, Dakota Prairie, or Flint Hills?
300
If a participant receives a letter that explains they must take their pension benefit by age 65 and feels it was sent in error you refer them to the SPD
What is False. You create a case for research to be done
300
DV ptp returns completed paperwork by the 10th of January, they are requesting a LS payment. When shoul.d the LS check be mailed?
What is February 2nd 2018
300
This the time period needed to set up access for a termed participant for the DV website, among other things.
What is the termination batch process?
300
Tesoro pays 0.5% on the amount earned over it.
What is the Social Security Wage Base?
300
This is where you would see the participant's bonus reflected in the cash balance panel.
What is a higher first quarter pay credit?
400
The cash balance is not affected by reduction factors.
What is True
400
While collecting Pension election kit information ptp states "Why do you need my beneficiary information if you already have it on file?" What do you say?
Adding a beneficiary allows you to see the impact (offset) to your pension benefit should you elect to have someone else receive your pension after you pass away. If no beneficiary is elected, Joint and Survivor options will be calculated with your date of birth.
400
True/ False: A ptp on LWD cannot update their beneficiaries online
False, they can update beneficiaries the only thing that cant be done is run calculations.
400
This is where the ptp can go to see what his special pension comparisons are.
This is the appendix section of the SPD.
400
The addition of this is why the pension now has a three year vesting period.
What is the cash balance plan?
500
A 45 year old fully vested ptp can take his pension when her terminates in a few months
What is at true, ptp's can take pension at termination as long as they are vested
500
What information do you need to request a Pension Election Kit?