I'm beneficiary to a pension, person passed away a year ago & I need to know how to get info & $ from Co?

Question

I'm beneficiary to a pension, person passed away a year ago & I need to know how to get info & $ from Co?

Answer 1

Unless you were married to the deceased.......I think your out of luck........pensions cease to exist after the person is gone..........most of the time.......

Answer 2

Normally the pension is a retirement.  Unless you are married to the person, you don't get it.  contact the company that the pension is from and ask for their policy.

Answer 3

If this a company Pension - try to get the # of the group policy - then call the insurance or financial institution that administers the funds - give the deceased persons name and they will help you out from there. Do bring proper I.D. with you.  If it is a government pension - federal - state or provincial - again give a copy of the deceased persons death certificate  - your I.D. and call the numbers for pension boards in your area.  Then file a claims application correctly - the pension will be paid out to you in about one month. If you give all the correct information required.

Answer 4

If  you  were ,  you  should  have  been  given  a  copy  of  the  beneficiary   form .

Go  in person  to  the  company  and  ask  for  the  pension  department  .

Be  prepared   with  the   person's   ID  info .

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Answer 5

Contact the pension company or the HR department at the deceased's company and ask for a beneficiary claim form.  Once you receive it, just fill it out and provide any other information they require.  You may need to contact the executor of the estate for copies of the death certificate and so forth if you're not the spouse.  If you are the spouse and having a difficult time navigating these issues, I recommend you seek the help of a lawyer.

Pensions can be either "defined benefit" or "defined contribution".  Defined benefit plans are more commonly referred to as pensions, while defined contribution plans are usually referred to by the plan name (ie. IRA, 401k, ESOP, etc).  Defined benefit plans typically pass to a spouse only, and if there isn't a spouse, the money vanishes into thin air, but not always.  Defined contribution plans typically require money go to the spouse (if one exists), regardless of beneficiary designation, but the money will stay in the plan until it is paid out.

Answer 6

Assuming you're the spouse, you need to go look at the old  checking account deposits and statements, to see what company was paying.  

If you're not the spouse, the pension isn't inheritable. I'm guessing, you're not the spouse.