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PBGC Benefit Determination Letters in the Mail

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Source: AFA

Date: Oct 01, 2008

We are learning the Pension Benefit Guaranty Corporation (PBGC) has begun mailing formal benefit determination letters to employees of the terminated Defined Pension Benefit Plans.  Additional information explaining the significance of the formal benefit determination letters is available on the PBGC website at www.pbgc.gov.

When the PBGC completes its review of a terminated Pension Plan, the PBGC sends each participant a formal determination letter.  This determination letter explains the benefits the PBGC will pay and may include a benefits statement.  The formal determination also explains the participant's right to appeal and should include a copy of a publication entitled, Your Right to Appeal.

If you have received your formal determination, you then have the right to appeal if you can provide a specific reason why you believe the determination may be inaccurate.  Of critical importance, you only have 45 days from the date of the formal determination letter to submit an appeal.  If you need more time, you may request additional time to file your appeal.  However, any request for an extension of time must be sent before the 45-day time period expires.

Not all participants in these plans will receive their formal benefit determination letter at the same time.  Instead, the PBGC will mail a formal benefit determination letter one each participant's calculation is completed. 

All questions regarding the Defined Pension Benefit Plans should be directed to the PBGC at 1 800 400 7242 and refer to the appropriate PBGC Case Number - Flight Attendant Plan – 19962800.

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