Advertisement

Ad promo image large
  • Published Date

    August 31, 2020
    This ad was originally published on this date and may contain an offer that is no longer valid. To learn more about this business and its most recent offers, click here.

Ad Text

ATTENTION ALL PARTICIPANTS AND BENEFICIARIESS OF: THE MEDICAL DIAGNOSTIC IMAGING GROUP, LTD. CASH BALANCE RETIREMENT PLAN The Pension Benefit Guaranty Corporation (PBGC), the federal government's insurance program for pension benefits, is taking steps to assume responsibility for your pension plan. This means PBGC will become your plan's trustee. PBGC will pay you the benefits you earned, up to limits set by law. PBGC is taking this action because your plan meets the criteria for termination under federal pension law. In general, this means that the plan doesn't have enough money to pay all the promised benefits and your employer is financially unable to keep up the plan. The plan will terminate as of August 31, 2020. As of that date, you will not earn any further benefits from the plan. When PBGC becomes trustee of your plan, we will notify you by letter. If you are retired, we will continue to pay your benefit without interruption. If you are not yet retired, we will pay your guaranteed benefit when you become eligible. Until PBGC becomes trustee, the following entities remain responsible for paying benefits:Medical Diagnostic Imagining Group Ltd., MDIG of Arizona LLC, MDIG of Washington PLLC, MDIG of Texas PLLC, MDIG Teleradiology Services LLC, and Advanced Medical Management Solutions LLC. PBGC currently pays benefits to more than 900,000 individuals in nearly 5,000 pension plans it has assumed. PBGC pays guaranteed benefits up to the maximum amount allowed by law. The maximum annual guarantee in your plan is $69,750.00 for a 65-year-old. Maximum guarantees are lower for those who retire at younger ages or elect survivor benefits. Benefit increases made within five years of the plan's termination are not fully guaranteed. For more information, please visit our website, PBGC.gov. PBGC PENSION BENEFIT GUARANTY CORPORATION AUGUST 31, 2020 Protecting America's Pensions ATTENTION ALL PARTICIPANTS AND BENEFICIARIESS OF: THE MEDICAL DIAGNOSTIC IMAGING GROUP, LTD. CASH BALANCE RETIREMENT PLAN The Pension Benefit Guaranty Corporation (PBGC), the federal government's insurance program for pension benefits, is taking steps to assume responsibility for your pension plan. This means PBGC will become your plan's trustee. PBGC will pay you the benefits you earned, up to limits set by law. PBGC is taking this action because your plan meets the criteria for termination under federal pension law. In general, this means that the plan doesn't have enough money to pay all the promised benefits and your employer is financially unable to keep up the plan. The plan will terminate as of August 31, 2020. As of that date, you will not earn any further benefits from the plan. When PBGC becomes trustee of your plan, we will notify you by letter. If you are retired, we will continue to pay your benefit without interruption. If you are not yet retired, we will pay your guaranteed benefit when you become eligible. Until PBGC becomes trustee, the following entities remain responsible for paying benefits:Medical Diagnostic Imagining Group Ltd., MDIG of Arizona LLC, MDIG of Washington PLLC, MDIG of Texas PLLC, MDIG Teleradiology Services LLC, and Advanced Medical Management Solutions LLC. PBGC currently pays benefits to more than 900,000 individuals in nearly 5,000 pension plans it has assumed. PBGC pays guaranteed benefits up to the maximum amount allowed by law. The maximum annual guarantee in your plan is $69,750.00 for a 65-year-old. Maximum guarantees are lower for those who retire at younger ages or elect survivor benefits. Benefit increases made within five years of the plan's termination are not fully guaranteed. For more information, please visit our website, PBGC.gov. PBGC PENSION BENEFIT GUARANTY CORPORATION AUGUST 31, 2020 Protecting America's Pensions

OTHER PRINT ADS