Disability Retirement Plans - The Truth about Disability Retirement Plans

Nov 13 09:55 2007 Steven Ross Print This Article

Disability Lawyer Information

If you are looking for information about disability retirement plans,Guest Posting then you will want to read this article In it, we will discuss exactly what a disability retirement plan is and why it is offered by certain employers, as well as your rights that you have when you qualify for disability retirement plan.

A disability retirement plan is a way to provide lifetime income for an employee who is unable to work any longer, due to a disability. These plans are offered by certain employers as a benefit of working for them. They extend to employees of all ages.

In general, disability retirement plans are negotiated as a percentage of the highest compensation the employee has paid. For example, a typical disability retirement plan may call for terms of paying out 45% of the highest wage earned by the employee while actively working.

Typically, employers who offer a disability retirement plan, also offer a service retirement plan. The difference here is that the service retirement plan provides a lifetime income for an employee who reaches a minimum age (usually around 60) or completes a number of years of work.

This is important because there are certain rights every employee has when it comes to being offered a disability retirement plan or service retirement plan. Your rights would be violated if you qualify for both retirement plans, but were forced to take a disability retirement plan that didn't offer the same compensation.

Also, it is illegal for an employer to exclude anyone who meets the requirements of the disability retirement plan, but who has a particular disability. There is no difference in what kind of disability you suffer from, only that you suffer from a disability. Your employer cannot discriminate on different types of disabilities, when it comes to awarding a disability retirement plan.

If you feel you have been discriminated by an employer based on your disability, you should contact the United States Equal Employment Opportunity Commission. It will help you to seek relief and get the proper benefits associated with your disability retirement plan.

In conclusion, I've given you some information about disability retirement plans. These are great plans to consider as the deciding factor for choosing between different places of employment. Keep these in mind, as well as your rights that you have with your disability retirement plan, to be sure you get what's coming to you.

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Steven Ross
Steven Ross

Steven Ross is a researcher and writer on many topics. For interesting and useful information about Disability Law and Disability Lawyers, please visit his site at http://www.disabilitylawyerreport.com Disability Lawyer

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