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Teri

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  1. Response to fmsinc--It is a union retirement and he has called and been told there is no way to change the disbursement plan as it was calculated using his and his girlfriend's projected lifespans at the time of his retirement. He and that girlfriend have since broken up, we met and are now married. He did call the union and the union representative he spoke to told him it is irrevocable and to hire an attorney. He was able to add me as a beneficiary for a one time death benefit, but this previous girlfriend will receive a portion of his pension in monthly payments for her life time. He would like to remove her completely, and change the disbursement to 100% benefit for him while he is alive, and no monthly payments for me after he dies.
  2. Response to Martin Rosenburgh--Yes, the option chosen at the time of retirement was "joint and survivor" (even though they were not married). So my understanding is, even if a lawyer is hired, there is no way to "order" the union to change his disbursement option?
  3. Response to fmsinc--It is a union retirement and he has called and been told there is no way to change the disbursement plan as it was calculated using his and his girlfriend's projected lifespans at the time of his retirement. He and that girlfriend have since broken up, we met and are now married. He did call the union and the union representative he spoke to told him it is irrevocable and to hire an attorney. He was able to add me as a beneficiary for a one time death benefit, but this previous girlfriend will receive a portion of his pension in monthly payments for her life time. He would like to remove her completely, and change the disbursement to 100% benefit for him while he is alive, and no monthly payments for me after he dies. Response to Martin Rosenburgh--Yes, the option chosen at the time of retirement was "joint and survivor" (even though they were not married). So, even if a lawyer is hired, there is no way to "order" the union to change his disbursement option?
  4. My husband retired as a NYC teacher with a disability pension 2 years ago after a brain aneurysm. At that time, he was living with a different woman and when filling out the retirement paperwork, they chose the irrevocable disbursement option for her to get continued payments after his death. They have since broken up and we are now married. He has been told there is no way to change that option or have his pension recalculated so that he may receive the maximum payment. It has been suggested that he hire a lawyer but what kind of paperwork would a lawyer have to file to get this changed? Are there cases in the past of lawyers being successful in facilitating these changes?
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