The Oregon Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan is a legal document that outlines the terms and conditions for transferring retirement benefits from the Motorola, Inc. Pension Plan to an Oregon retirement plan. This agreement is important for individuals who have worked at Motorola and are now looking to transfer their pension benefits to a retirement plan in Oregon. The purpose of the Oregon Retirement Plan Transfer Agreement is to provide a seamless and efficient process for the transfer of pension benefits, ensuring that the individual's retirement savings are safeguarded and continue to grow. This agreement not only benefits the pension plan participants but also ensures compliance with legal and regulatory requirements. The agreement typically covers various aspects of the transfer process, including eligibility criteria, the method and timing of transferring the pension benefits, and any fees or charges associated with the transfer. It also specifies the roles and responsibilities of both parties involved — the Motorola, Inc. Pension Plan and the Oregon retirement plan. There might be different types of Oregon Retirement Plan Transfer Agreements available based on individual circumstances. These could include: 1. Individual Transfer Agreement: This type of agreement is for individuals who want to transfer their pension benefits from the Motorola, Inc. Pension Plan to an Oregon retirement plan on an individual basis. 2. Spousal Transfer Agreement: In cases where the pension plans participant has a spouse, this agreement would allow the transfer of the pension benefits to an Oregon retirement plan in the name of the spouse. 3. Trustee-to-Trustee Transfer Agreement: Some individuals may have established a trust to manage their pension benefits. This agreement would facilitate the transfer of the trust's assets from the Motorola, Inc. Pension Plan to an Oregon retirement plan. It is essential for individuals considering a transfer of their Motorola, Inc. Pension Plan benefits to carefully review and understand the terms and conditions specified in the Oregon Retirement Plan Transfer Agreement. Seeking professional advice from financial advisors or retirement plan specialists can help ensure a smooth and successful transfer process that aligns with an individual's retirement goals and objectives.