A big change is underway for Rocky Flats retiree’s pension plan. To our other readers: please forgive the focus of this post – but you might be curious about how your government treats the Cold War Warriors. The government is dumping the pension plan. No longer will your pension be guarenteed by the Fedral government. You must choose to receive a lump sum or a private annuity plan.
I’ve received my Plan Termination Benefit Kit and if you have not, call the Support Center at 1-800-709-7697.
There are deadlines coming up – the end of May for corrections. Check your information. My spouse was listed as deceased. He assures me he is not now and has never been deceased, so I had to submit a correction.
There’s a lot of detail in the kit and I won’t try to summarize it. Get your kit, read your kit, and make your decisions. Don’t delay. There are various financial instruments to research. There are forms to fill out, some need to be notorized, and if you are divorced there are extra forms. Did I mention, don’t delay.
Whatever you decide, your paperwork must be postmarked by the end of June or you get whatever the default option is.
I’m not qualified to offer recommendations. Heck, I haven’t decided what I’m going to do. Continue reading