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This Web site contains a compilation of more than a thousand consumer finance  columns written by Tony Novak from the 1980s through 2006, updated and reformatted for maximum usefulness today.  New material was added after 2010.

Content is the opinion of the author and does not represent the position of any other person or entity. Information is from sources believed to be reliable but cannot be guaranteed.

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Value of pension benefits

originally posted: 11/22/2006  reposted: 2/18/2011 This post has not been recently reviewed or revised by the author and may be out of date. If in doubt, please send a new question or ask for an update.

Q: I receive statements from my employer about my 401(k) plan but have not received a statement of my pension plan benefits. How do I find out about the benefits?

A: 401(k) plans are required to send valuation statements every three months but pension plans are not subject to these requirements. Under the new pension law effective for 2007, pension valuation statements could be delayed until 2010 so you might have to wait awhile. In any event, the employer will provide other written communication over the next year that will allow you to estimate your pension benefits even in absence of an actual valuation statement.


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