Can Pension Plans Be Transferred?

  1. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    There are conditions under which the assets of a pension plan can be transferred to either another pension plan or to an Individual Retirement Account (IRA.)  Pension plans have vesting schedules which might limit the amount of the pension that can be transferred.  It is best when these transfers are conducted between trustees.  It is more complicated if the employee receives the funds in cash.
    Answered on August 21, 2014
    flag this answer
    2. Did you find these answers helpful?
    Yes
    No
    Go!

Add Your Answer To This Question

You must be logged in to add your answer.


<< Previous Question
Questions Home
Next Question >>