Accounting, Payroll & Pension Issues/vested pension

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Question
I have vested rights with at&t and was said I would receive a check.  At what age do I receive it and how much?

Answer
Michael:

By vesting, I am assuming you are talking about your 401(k) plan. The answer is you are eligible to receive payments without penalty if you have attained the age of 59 1/2. If you are no longer employed by AT&T, you can rollover your account into another qualified plan. By qualified, I mean another 401(k) with your current employer or an individual retirement account or IRA without any penalty.

In order to find out when you should receive payments, I would call AT&T human resources and they should be able to direct you to eligibility.

I hope this helps, please let me know if you have any additional questions or concerns.

Regards,

Tony DePasquale
President
Elysien Private Wealth

Accounting, Payroll & Pension Issues

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Tony DePasquale

Expertise

Pension plan questions, investment management services, plan fiduciary services, profit sharing, defined benefit planning, defined contribution planning, 401(k), 403(b), IRA rollover, plan consulting services, plan structure and plan design consulting.

Experience

I have over 10 years experience regarding pension plan management including; investment fiduciary services, plan structure and design, plan administration, employee education, Uniform Prudent Investors Act (UPIA) services, overall plan management consulting, Employee Retirement Income Security Act (ERISA) law and Department of Labor (DOL) law.

Publications
Nevada Business Magazine Henderson Press La Voce International Magazine

Education/Credentials
BA Economic History, University of Nevada Las Vegas Independent Pension Fiduciary ERISA 3(38) Investment Fiduciary ERISA 3(21) Fiduciary

Awards and Honors
Las Vegas Chamber of Commerce Excellence In Client Service Award In Business Las Vegas - Who's Who Banking & Financial Services

Past/Present Clients
Elysien Private Wealth - President Private Wealth Merrill Lynch - Financial Advisor

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