Donna, a 45-year-old bank manager, is married to Darren, a 40-year-old economist with a real estate development firm.They currently waive all optional portions of Donna's retirement package.Darren received a letter from his employer stating that the firm is changing retirement and benefits plans the first of the year.How can they determine which of their company pension retirement benefits plans should be changed or kept?

Question

Quizplus · Accepted Answer

The Summary Plan Description (SPD) provides detailed information about the retirement and benefits plans offered by an employer, including any changes. Reviewing the SPDs from both Donna's and Darren's employers will help them understand the specifics of each plan and make informed decisions about which plans to change or keep.

Donna, a 45-Year-Old Bank Manager, Is Married to Darren, a 40-Year-Old