New Hampshire Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan

• Category: Corporations - Public - Agreements - Transfers
• State: Multi-State
• Control #: US-EG-9312
• Format: Word; Rich Text

Description

Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan between Semiconductor Components Industries, LLC and Motorola, Inc. regarding benefit pension plan meeting requirements of the Internal Revenue Service dated May 10, 1999. 6 pages. The New Hampshire Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan refers to a contract that allows the transfer of pension plan benefits from Motorola, Inc. to the New Hampshire Retirement System (NHS) for eligible employees in the state. This agreement is designed to facilitate the smooth transition of retirement funds and benefits for individuals who have worked for Motorola, Inc. and are now part of the NHS. Keywords: New Hampshire Retirement Plan Transfer Agreement, Motorola, Inc. Pension Plan, retirement plan benefits, pension plan transfer, New Hampshire Retirement System, eligible employees, retirement funds, retirement benefits, Motorola employees, NHS. Types of New Hampshire Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan: 1. Lump-sum Transfer Agreement: This type of agreement allows eligible Motorola, Inc. employees to transfer their pension plan benefits in a single lump-sum payment to the New Hampshire Retirement System. This option is suitable for individuals who prefer to have their retirement fund in one large sum and manage it independently. 2. Annuity Transfer Agreement: In this type of agreement, eligible employees can transfer their pension plan benefits to the New Hampshire Retirement System, which will then convert the accumulated amount into an annuity. This option provides individuals with a regular stream of income during retirement, serving as a consistent source of financial stability. 3. Partial Transfer Agreement: The partial transfer agreement allows eligible employees to transfer only a portion of their pension plan benefits from Motorola, Inc. to the New Hampshire Retirement System. This option is suitable for individuals who wish to maintain some benefits in their existing pension plan while diversifying their retirement funds. 4. Rollover Transfer Agreement: This agreement permits eligible employees to roll over their accumulated pension plan benefits from Motorola, Inc. into a qualified retirement account within the New Hampshire Retirement System. This provides individuals with the opportunity to continue growing their retirement savings in a tax-advantaged manner. Note: The specific types of transfer agreements available may vary depending on the terms and conditions outlined by Motorola, Inc. and the New Hampshire Retirement System. It is essential for employees to review the applicable agreements and consult with relevant financial advisors or human resources personnel to determine the most suitable option for their individual circumstances.

The New Hampshire Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan refers to a contract that allows the transfer of pension plan benefits from Motorola, Inc. to the New Hampshire Retirement System (NHS) for eligible employees in the state. This agreement is designed to facilitate the smooth transition of retirement funds and benefits for individuals who have worked for Motorola, Inc. and are now part of the NHS. Keywords: New Hampshire Retirement Plan Transfer Agreement, Motorola, Inc. Pension Plan, retirement plan benefits, pension plan transfer, New Hampshire Retirement System, eligible employees, retirement funds, retirement benefits, Motorola employees, NHS. Types of New Hampshire Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan: 1. Lump-sum Transfer Agreement: This type of agreement allows eligible Motorola, Inc. employees to transfer their pension plan benefits in a single lump-sum payment to the New Hampshire Retirement System. This option is suitable for individuals who prefer to have their retirement fund in one large sum and manage it independently. 2. Annuity Transfer Agreement: In this type of agreement, eligible employees can transfer their pension plan benefits to the New Hampshire Retirement System, which will then convert the accumulated amount into an annuity. This option provides individuals with a regular stream of income during retirement, serving as a consistent source of financial stability. 3. Partial Transfer Agreement: The partial transfer agreement allows eligible employees to transfer only a portion of their pension plan benefits from Motorola, Inc. to the New Hampshire Retirement System. This option is suitable for individuals who wish to maintain some benefits in their existing pension plan while diversifying their retirement funds. 4. Rollover Transfer Agreement: This agreement permits eligible employees to roll over their accumulated pension plan benefits from Motorola, Inc. into a qualified retirement account within the New Hampshire Retirement System. This provides individuals with the opportunity to continue growing their retirement savings in a tax-advantaged manner. Note: The specific types of transfer agreements available may vary depending on the terms and conditions outlined by Motorola, Inc. and the New Hampshire Retirement System. It is essential for employees to review the applicable agreements and consult with relevant financial advisors or human resources personnel to determine the most suitable option for their individual circumstances.