Riverside California Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan

• Category: Corporations - Public - Agreements - Transfers
• State: Multi-State
• County: Riverside
• 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 Riverside California Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan is a legal document that outlines the process and terms of transferring retirement assets from the Motorola, Inc. Pension Plan to a retirement plan in Riverside, California. This agreement is crucial for retirees who wish to relocate to Riverside, ensuring the seamless transfer of their pension benefits. The transfer agreement ensures that retirees can continue to enjoy their retirement benefits without interruption, even after moving to Riverside. It specifies the responsibilities of both parties involved, including Motorola, Inc. and the retirement plan in Riverside, California. Some different types of Riverside California Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan may include: 1. Defined Benefit Transfer Agreement: This type of agreement focuses on transferring the benefits from a defined benefit pension plan, which typically provides a fixed monthly income, to a retirement plan in Riverside, California. 2. Defined Contribution Transfer Agreement: In this agreement, the transfer is related to the benefits accrued in a defined contribution pension plan, where the income is based on the contributions made by the employee and employer, as well as investment returns. 3. Lump Sum Transfer Agreement: This agreement specifically pertains to retirees who wish to receive a one-time, lump-sum payment instead of regular monthly payments. It establishes the conditions and procedures for transferring the entire pension amount to a retirement plan in Riverside, California. The Riverside California Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan ensures retirees' financial security, granting them peace of mind during their retirement years. With this agreement in place, retirees can confidently navigate the relocation process, confident that their hard-earned benefits will continue to support them in their new Riverside, California lifestyle.

The Riverside California Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan is a legal document that outlines the process and terms of transferring retirement assets from the Motorola, Inc. Pension Plan to a retirement plan in Riverside, California. This agreement is crucial for retirees who wish to relocate to Riverside, ensuring the seamless transfer of their pension benefits. The transfer agreement ensures that retirees can continue to enjoy their retirement benefits without interruption, even after moving to Riverside. It specifies the responsibilities of both parties involved, including Motorola, Inc. and the retirement plan in Riverside, California. Some different types of Riverside California Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan may include: 1. Defined Benefit Transfer Agreement: This type of agreement focuses on transferring the benefits from a defined benefit pension plan, which typically provides a fixed monthly income, to a retirement plan in Riverside, California. 2. Defined Contribution Transfer Agreement: In this agreement, the transfer is related to the benefits accrued in a defined contribution pension plan, where the income is based on the contributions made by the employee and employer, as well as investment returns. 3. Lump Sum Transfer Agreement: This agreement specifically pertains to retirees who wish to receive a one-time, lump-sum payment instead of regular monthly payments. It establishes the conditions and procedures for transferring the entire pension amount to a retirement plan in Riverside, California. The Riverside California Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan ensures retirees' financial security, granting them peace of mind during their retirement years. With this agreement in place, retirees can confidently navigate the relocation process, confident that their hard-earned benefits will continue to support them in their new Riverside, California lifestyle.