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Will my monthly benefit be subject to any administrative fees once it is transferred to Prudential

Will my monthly benefit be subject to any administrative fees once it is transferred to Prudential 2025

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The document provides information regarding the transfer of pension benefits from GM's Salaried Retirement Plan (SRP) to Prudential. It clarifies that there will be no administrative fees for participants, and that benefits paid by Prudential are not insured by the Pension Benefit Guaranty Corporation (PBGC). The document outlines the security of benefits under Prudential, confirms that banking and tax withholding information will remain unchanged initially, and explains how marriage/remarriage provisions will be handled. Additionally, it states that retirees will receive a certificate verifying their coverage and that eligibility for retiree health care and life insurance benefits will not change.

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Click ‘Get Form’ to open it in the editor.
Review the introductory section that confirms there are no participant-paid administrative charges associated with the group annuity contract with Prudential.
Fill in your personal information as required, ensuring accuracy for seamless processing.
Address any specific questions regarding your benefits, such as insurance coverage by the Pension Benefit Guaranty Corporation (PBGC) and how your banking information will be handled post-transfer.
Check the eligibility criteria for benefits like age redetermination and ensure you understand how marriage/remarriage provisions may affect your beneficiary status.
Finalize by reviewing all entered information for correctness before submitting through our platform.

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Will my monthly benefit be subject to any administrative fees once it is transferred to Prudential 2025

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Will my monthly benefit be subject to any administrative fees once it is transferred to Prudential 2025

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