Your Stories
Reaching a certain age is no reason to step back from the fray. It is, rather, the age to remain in the heat of battle.
A couple of years ago, I fell in love with a wonderful woman, also more than 60 years old, and we decided we wanted to live together.
The Pension Protection Act of 2006 included provisions that extend new benefits to non-spouse retirement plan beneficiaries such as same-sex domestic partners. These changes address the rollover of retirement benefits when an employee dies and hardship distribution rules that permit people to draw on their retirement funds in the case of a qualifying medical or financial emergency.
Retirement plans may allow their participants to access retirement savings to help with a financial hardship, such as unreimbursed medical expenses, incurred by the participant’s spouse or federally-defined tax dependents. The Pension Protection Act of August 2006 expands this option for any designated beneficiary such as a domestic partner, parent or sibling.
A brief explanation of a qualified joint and survivor annuity (QJSA), a qualified pre-retirement survivor annuity (QPSA) and the ways in which these benefit distribution forms impact or are otherwise important for same-sex domestic partners (and same-sex couples married under the laws of the State of Massachusetts).
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