Cash Balance
How is a cash balance benefit accrued?
Pay Credits and Interest Credits
When do annuities pay on this plan?
1st business day of the month
Don't ever refer to this plan as....
AXA
The trust for the plans
Northern
At what age can a termed ppt take their cash balance benefit?
Any age
Where can a rep find the current cash balance amount for an applicable Equitable ppt in RPAS?
Balance or Benefit Amount Quesitons<Account Balance Table
What amount of the benefit was given to some ppts to be able to invest in mutual funds?
2%
Who handles the QDROs for the 401K plan
Milliman
Who is the 401K provider?
Fidelity
Where on ppt web can an applicable Equitable ppt see any interest credits accrued?
Under "Personal Information" <Benefit Amounts
What is the current interest rate (as of 2023) for all pay credits added in 2013?
2.50%
What is the vesting schedule after 2009 for MONY?
3 year cliff
Frozen to new ppts and accruals when?
12/31/2013
How long is the paper work good for?
90 days
The company that bought some of the annuity contracts of ppts currently in pay
Athene
What is the current interest rate for all pay credits added to the account in 2010?
4%
Interest credits are paid when?
Monthly
Explain what a rep should do when a retiree asks about their health insurance.
Call the phone tree, enter info that can be entered and request "Health and Welfare"
What proof of birth is acceptable for the ppt?
Trick question- POB not needed for the ppt
Calls often come in asking about this pension that merged into the Equitable 401K plan in 2008
Field Underwriters Plan
The date the interest rate changed off of 4% to a new percentage annually?
04/01/2012
What is the plan code the DC side of the MONY plan?
451AXM
PPT termed at age 60. PPT is now 70. PPT's birthday is in November. When he calls to request his forms in today (August 2023), what BCD will his forms reflect?
12/01/2018
The Equitable Grandfathered Benefit can be paid how? MONY's Grandfathered Benefit can be paid how?
Equitable' s Grandfathered benefit has to be taken as an annuity only-MONY's grandfathered benefit can be paid either as a LS or an annuity.
PPT wants to initiate retirement and still sell for Equitable. Who does the ppt need to speak with and what extra form will they find in their paperwork?
Branch Manager and an 14R contract