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I think I get a pension!
Old 07-17-2017, 11:28 AM   #1
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I think I get a pension!

I was checking my FIDO account, and a new line item called Retirement Plan B showed up.
I did some checking, and even found my papers from 1985 about my pension. Years ago, I called, and was told I did not get one.
Well, in talking to FIDO, who just took this over in April, they confirmed I was vested. They have to do some sort of manual calculation, but said I should get a lump sum of back pension from age 65 (I am now 79).
Frankly, I will believe it when I get the check.
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Old 07-17-2017, 11:31 AM   #2
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Woo-hoo!
Nothing beats money out of the blue.
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Old 07-17-2017, 11:32 AM   #3
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Woo-hoo!
Nothing beats money out of the blue.
+1
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Old 07-17-2017, 11:40 AM   #4
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That is great news !
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Old 07-17-2017, 11:49 AM   #5
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Quote:
Originally Posted by Souschef View Post
I was checking my FIDO account, and a new line item called Retirement Plan B showed up.
I did some checking, and even found my papers from 1985 about my pension. Years ago, I called, and was told I did not get one.
Well, in talking to FIDO, who just took this over in April, they confirmed I was vested. They have to do some sort of manual calculation, but said I should get a lump sum of back pension from age 65 (I am now 79).
Frankly, I will believe it when I get the check.
Gotta love it. Good on ya!
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Old 07-17-2017, 11:50 AM   #6
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Congratulations
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Old 07-17-2017, 11:50 AM   #7
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What took them so long?
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Old 07-17-2017, 01:42 PM   #8
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What took them so long?
As posted in another thread mom got a letter 17.5 years after she retired
she was getting $280 a month for working in the school cafeteria, she retired at 73, we get a letter 6 months ago(October 2016) they miscalculated it, they owed her 8400. and now its about 320 a month. i wonder how many people died since they retired and now the estates get the letter? glad she was alive to see the increase.
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Old 07-17-2017, 02:29 PM   #9
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As posted in another thread mom got a letter 17.5 years after she retired
she was getting $280 a month for working in the school cafeteria, she retired at 73, we get a letter 6 months ago(October 2016) they miscalculated it, they owed her 8400. and now its about 320 a month. i wonder how many people died since they retired and now the estates get the letter? glad she was alive to see the increase.
No interest?
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Old 07-17-2017, 02:41 PM   #10
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Quote:
Originally Posted by Souschef View Post
I was checking my FIDO account, and a new line item called Retirement Plan B showed up.
I did some checking, and even found my papers from 1985 about my pension. Years ago, I called, and was told I did not get one.
Well, in talking to FIDO, who just took this over in April, they confirmed I was vested. They have to do some sort of manual calculation, but said I should get a lump sum of back pension from age 65 (I am now 79).
Frankly, I will believe it when I get the check.
What a great surprise, congratulations.
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Old 07-17-2017, 02:44 PM   #11
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No interest?
Not only did she get zero interest, But they owe her the cola on the 30 something dollars for 17.5(now 18 years)! I called her union, they blew me off, with the "we will look into it". That was about 7 months ago. I know it amounts to only a few bucks, but its her few bucks.
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Old 07-18-2017, 05:16 AM   #12
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Great. Post the amount when you learn it so we can all vicariously share in the windfall.
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Old 07-18-2017, 09:12 AM   #13
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A similar story. "A" died in 1992. Beneficiary of A's IRA was "B" who died in early 1994, before A's bank did anything. Executor of B's estate was contacted by bank in 2015. Each of B's beneficiaries received about $600 after fees. 23 years!
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Old 07-18-2017, 09:51 AM   #14
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After reading about these "many years delayed"pensions upthread , I wonder if some of these end up in a state's unclaimed funds if the heirs are not identified and/or located.

Might be worth a quick check of unclaimed funds sites in states where you know you had deceased relatives...or where you once lived? Usually, it's just a quick search by name.

omni
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Old 07-18-2017, 10:13 AM   #15
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After reading about these "many years delayed"pensions upthread , I wonder if some of these end up in a state's unclaimed funds if the heirs are not identified and/or located.

Might be worth a quick check of unclaimed funds sites in states where you know you had deceased relatives...or where you once lived? Usually, it's just a quick search by name.

omni
In my mothers case , it never went unclaimed ,hahaha, they just held it back for 17.5 years.
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Old 07-18-2017, 11:51 PM   #16
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Quote:
Originally Posted by Souschef View Post
I was checking my FIDO account, and a new line item called Retirement Plan B showed up.
I did some checking, and even found my papers from 1985 about my pension. Years ago, I called, and was told I did not get one.
Well, in talking to FIDO, who just took this over in April, they confirmed I was vested. They have to do some sort of manual calculation, but said I should get a lump sum of back pension from age 65 (I am now 79).
Frankly, I will believe it when I get the check.
Just goes to show that some surprises in FIRE are GOOD! Congrats and do let us know how it comes out. Inquiring minds want to know.
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