EQUITABLE
Paperwork is good for:
90 Days
What we should never ask a Care Giver for if their call comes in as "unidentified"
Their full social security number
The four Frontier plan codes
DA9CTP-DA9CTS-DA9CTA-DA9CTZ
What does a rep need to remember about the plan code DA9VIA?
All ppts listed under this plan code but no provisions for benefits listed
The two tabs on the bottom of the plan specs
"Union" and "Non-Union"
The plan code for the DC side of DA9AXM: MONY
451AXM
The plan code for the "Core Plan" is:
NA9PHS
PPT calls in and says his last day of work will be May 23, 2023. The rep offers what BCD?
None. Rep asks the ppt what date he would like to start his pension-6/1, 7/1 or 8/1
How many non-qualified plans does Viacom have?
Three
The plan year is:
October 1st-September 30th
What must be done for every active ppt age 55 and older wanting to initiate retirement
DFS Script must be used
For the Swedish plans, what should the rep never mention?
"Providence"
What is different about the benefit acquired under most of the appendixes in plan code DA9CTA than most benefits acquired under the other three plan codes?
DA9CTA-Most benefits are CASH BALANCE where most of the other plans use a traditional formula FAP plan
What does the rep need to remember when a ppt has a benefit under the New Pension Plan and the Grandfathered Pre-2004 benefit?
That the only election will be for the qualified benefit. The non-qual benefit will be issued the same way as the qualified benefit is elected
Participant Group Table in RPAS shows this if the UNION ppt has a benefit in the pension plan
"Elected"
Cash Balance Interest on any funds in the plan before this date continues to accrue a 4% annual interest credit
April 2012
At what age is an in-service distribution available for a Care Giver in NA9PHW-the Willamette Plan? The Core plan?
Age 65-Age 62
What is the death benefit hierarchy for Frontier?
Spouse-Dependent Children(age 23 or younger/or older with disabilities)-Dependent Parents or a trust set for any of the mentioned
PPT shows first check date of 10/01 for both his Old Pension Plan benefit and his Excess Pension Benefit and he is set up for EFT. When the ppt calls on 9/15, what can the rep tell him about the timing of his payments?
That he will get his qualified payment the first business day of October but he will not get his non-qualified payment until his FICA obligation is met.
The accrued benefit in both plans before 2017 was a ______________ and current for both plans is a _________________.
Final Average Pay Benefit
Cash Balance Benefit
PPT termed in 2018 at the age of 63. His birthday is November 25th. On May 25, 2023, he called to begin his annuity benefit. The BCD on his paperwork will be:
Which plan adjusts the benefit at the end of every plan year for their Care Givers who take an in service distribition?
NA9PHH-Swedish Health Services Pension Plan
What does "GATT" stand for?
General Agreement on Tariffs and Trades
PPT is currently 56 years old. RPAS shows he is in the Old Pension plan and the Excess Pension plan. He is planning to term December 31st and but wants to wait until NRD age to begin his pension. What disclaimer does the rep need to share with him?
That he will have to take the Excess Benefit automatically within six months of his termination since he is over age 55
Explain what a "full cash refund" annuity is.
Benefit calculated to be worth X dollars with a monthly total annuity amount of X dollars for the ppt's lifetime. The calculated total worth is reduced monthly by the annuity payment. If when ppt passes away, there are any funds calculated to be left, those funds pass on as a LS to a beneficiary.