AboutAllen Expertise Pension questions ONLY. Pension, profit sharing, and 401(k) plan design, installation, administration and actuarial services; rollovers to Individual Retirement Accounts; taxation of retirement plan distributions
Experience Over 35years experience in the pension field
Organizations Various actuarial organizations
Education/Credentials MBA and various professional certifications
Question My father and mother divorced in 1989. He retired in 1993 with a pension. He lived with a woman whom he married in 2008. He died a month ago. There is no mention of the pension in the will. Who should the funds go to?
Answer The payment would be governed by the Beneficiary Designation on file with the Plan Administrator.
If there is no designation, the payment would be made based on the terms of the plan document. In most cases this would be his current wife.
