ABX AIR, INC PILOTS MINIMUM MONTHLY RETIREMENT INCOME PLAN
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ABX AIR, INC PILOTS MINIMUM MONTHLY RETIREMENT INCOME PLAN

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ABX AIR, INC PILOTS MINIMUM MONTHLY RETIREMENT INCOME PLAN is a DEFINED BENEFIT PLAN. This type of plan generally provides participants with a monthly retirement benefit upon reaching a specific age and may be adjusted for early retirement. Benefits paid at the time of retirement are typically calculated using a formula based upon years of credited service and compensation information. Benefits are generally payable to the participant upon reaching "normal retirement age" for the remainder of the Participant's lifetime. Benefits accumulated under this type of plan are often referred to as "accrued benefits".

With this type of plan, the Alternate Payee is usually not awarded a lump sum cash payment from the Plan. Rather, the Alternate Payee’s award is typically made in terms of a monthly benefit payable for either the lifetime of the Participant (a "shared payment") or the Alternate Payee (a "separate interest").

Features of the ABX AIR, INC PILOTS MINIMUM MONTHLY RETIREMENT INCOME PLAN may include:

  • Benefits accrued under this Plan are primarily pay related
  • This Plan is known as a “Floor-offset” plan and is designed to offset for retirement benefits provided by an employer-sponsored defined contribution plan.
  • This is a “frozen” plan, meaning that as of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).


DISCLAIMERS

The Plan features and descriptions presented are provided only as examples and general descriptions a particular type of plan. Participants and Alternate Payees should ALWAYS review the applicable Summary Plan Description for a detailed description of the specific terms and options for the specific Plan in question.

The information provided on this page is based upon the most recent Plan tax filings available. The terms of a specific plan may have changed since the most recently available tax filing, and as a result, these descriptions and features may not be current. SimpleQDRO makes no representations as to accuracy of these descriptions.

SimpleQDRO is neither the administrator, nor a representative of this Plan. SimpleQDRO provides this information merely as a courtesy and makes no warranties as to the current status or accuracy of these descriptions.
Plan & Company Information

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Company
ABX AIR, INC.
145 HUNTER DRIVE
WILMINGTON, OH 45177-9390
937-382-5591
pdg
Plan Name
ABX AIR, INC PILOTS MINIMUM MONTHLY RETIREMENT INCOME PLAN
pdg
Plan Administrator
ADVISORY COMMITTEE FOR THE PLAN OF ABX AIR, INC.
145 HUNTER DRIVE
WILMINGTON, OH 45177-9390
937-382-5591
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ABX AIR, INC PILOTS MINIMUM MONTHLY RETIREMENT INCOME PLAN is located in Clinton County in WILMINGTON, OH. If you need a QDRO in Clinton County or WILMINGTON, OH just know that SimpleQDRO drafts QDROs for customers in all 50 states.
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