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Brown Cafe UPS Forum
UPS Retirement Topics
Dying and pension?
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<blockquote data-quote="brett636" data-source="post: 1283556" data-attributes="member: 249"><p>I'd imagine that unless there is some provision in your pension like the one upstate pointed out that allows your surviving spouse to receive something(assuming you took the steps to ensure this happens) your surviving spouse and or heirs get nothing. A pension is really more of a benefit than an asset mainly because its only good so long as you are still breathing. This is why its so important to contribute to your 401k because at least with that if something happens there is some sort of substantial(hopefully) savings you can pass on to your heirs and or leave for your surviving spouse. Redeeming a pension isn't guaranteed since we don't know how long we will live or even if we will live long enough to realize that benefit.</p></blockquote><p></p>
[QUOTE="brett636, post: 1283556, member: 249"] I'd imagine that unless there is some provision in your pension like the one upstate pointed out that allows your surviving spouse to receive something(assuming you took the steps to ensure this happens) your surviving spouse and or heirs get nothing. A pension is really more of a benefit than an asset mainly because its only good so long as you are still breathing. This is why its so important to contribute to your 401k because at least with that if something happens there is some sort of substantial(hopefully) savings you can pass on to your heirs and or leave for your surviving spouse. Redeeming a pension isn't guaranteed since we don't know how long we will live or even if we will live long enough to realize that benefit. [/QUOTE]
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Dying and pension?
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