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VERY IMPORTANT! The information on this page is for people going through a divorce or attorneys helping their clients. Do not call QdroDesk for retirement account information unless it is in regards to a divorce. QdroDesk is a private company that only helps with the divorce process. It is not related or connected to the retirement account listed on this page. This page is provided for informational purposes only.


Plan Overview

NEWPORT NEWS SHIPB & DRY DOCK CO PENS PLN FOR EMP COV BY UNITED PLANT GUARD WORKERS OF AMERICA COLLECTIVE BARGAINING AGREEMENT

Defined Benefit Plan
NEWPORT NEWS SHIPB & DRY DOCK CO PENS PLN FOR EMP COV BY UNITED PLANT GUARD WORKERS OF AMERICA COLLECTIVE BARGAINING AGREEMENT is a Defined Benefit Plan providing retirees with a predetermined monthly retirement benefit upon reaching a specific age. The retirement benefit paid to a retiree is typically calculated using a formula which often employs years of credited service under the plan and salary information. The retirement benefit is typically payable to the employee upon attainment of their normal retirement age for the remainder of his/her lifetime. Benefits under this type of plan are often referred to as accrued benefits. This type of plan does not maintain individual accounts for employees.

It is important to remember that under this type of plan, the Alternate Payee is typically not awarded a lump sum cash payment from the Plan. It is usually a requirement of the Plan that the amount awarded to the Alternate Payee be expressed in terms of a monthly benefit payable for either the lifetime of the Participant or the Alternate Payee.

Plan & Company Information:
CompanyNEWPORT NEWS SHIPBUILDING INC
4101 Washington Ave
Bldg 86
Newport News, VA 23607-9700
757-380-2000
Plan NameNEWPORT NEWS SHIPB & DRY DOCK CO PENS PLN FOR EMP COV BY UNITED PLANT GUARD WORKERS OF AMERICA COLLECTIVE BARGAINING AGREEMENT
Plan Type Plan Type
Defined Benefit Plan
(Expanded Definition and Explanation)
Plan Administrator
1840 Century Park E
Los Angeles, CA 90067-2101
800-894-4194
   
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