The Aetna Pension Plan is a frozen plan, and no benefits are accruing, effective January 1, 2011. Employees who did not receive a pension credit prior to 2011 will not benefit under the Aetna Pension Plan. If you want further information, call 1-800-AETNA-HR (1-800-238-6247).
Where does the money for a pension come from?
Pension plans are funded by contributions from employers and occasionally from employees. Public employee pension plans tend to be more generous than ones from private employers. Private pension plans are subject to federal regulation and eligible for coverage by the Pension Benefit Guaranty Corporation.
How can I find out about my Aetna pension plan?
If you are an employee of certain companies Aetna acquired, you may have received service credit for vesting, for some or all of your service prior to the date the company was acquired by Aetna. If you want further information, call 1-800-AETNA-HR (1-800-238-6247). The pension plan is a cash balance type of plan.
When did the Aetna pension plan become frozen?
The future of the pension plan. The Aetna Pension Plan was amended in 2010 to cease all accruals of benefits. The plan now is a frozen plan, and no benefits are accruing effective January 1, 2011. Aetna Inc. reserves the right to change, suspend or end the plan in the future.
Who is a transition participant in the Aetna pension plan?
“Aetna Transition Participant” defined An “Aetna Transition Participant” is someone who was an active participant in the Aetna Pension Plan as of both December 31, 1998, and January 1, 1999. If an Aetna Transition Participant terminates employment and is subsequently rehired, he or she is no longer an Aetna Transition Participant.
What are special rules for employees of certain Companies Aetna acquired?
Special service rules for employees of certain companies Aetna acquired If you are an employee of certain companies Aetna acquired, you may have received service credit for vesting, for some or all of your service prior to the date the company was acquired by Aetna. If you want further information, call 1-800-AETNA-HR (1-800-238-6247).
