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Old 09-18-2010, 01:56 AM
 
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i have a question about cola. i am the beneficary of my grandfathers monthly pension. he was a tier 1 and chose the 100% joint full allowance, which means i recieve exactly the same monthly amount he was getting at the time of his death. at the ime of his death he had already been recieving cola. i understand that because i am not aspouse or dependant child i will not get any cola he would be getting if still alive but what about the cola he had already been getting? its a permement increase in your monthly pension. can someone tell me if that can now be deducted from the beneficary?
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Old 09-18-2010, 06:49 AM
 
Location: Los Angeles area
14,018 posts, read 17,737,509 times
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Default More information needed

Quote:
Originally Posted by ann691 View Post
i have a question about cola. i am the beneficary of my grandfathers monthly pension. he was a tier 1 and chose the 100% joint full allowance, which means i recieve exactly the same monthly amount he was getting at the time of his death. at the ime of his death he had already been recieving cola. i understand that because i am not aspouse or dependant child i will not get any cola he would be getting if still alive but what about the cola he had already been getting? its a permement increase in your monthly pension. can someone tell me if that can now be deducted from the beneficary?
You do not give enough information for anyone to answer your question. From the details that you gave, it is obvious you are not talking about a pension from Social Security, but you do not say if the pension is from a public entity (state, county, city, etc.) or from a private company, or from an insurance company annuity. Each of those systems has its own structure and its own rules. Therefore, posters here cannot answer the question. You need to contact the retirement system or annuity company for answers, or at least give the specific source of the pension in case others might be members of the same system.
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