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Welcome to Maryland Pension Lawyer Dot Com, sponsored by the law firm of Jordan & Tell LLP, with offices in Bethesda and Columbia, Maryland. We have over thirty years experience and offer specialized services in the area of pensions, retirement, and other employee benefit issues. Senior Partner Marc Jordan is a well-known, aggressive litigation attorney. Stories about his cases have appeared in the Baltimore Sun and Maryland Daily Record, and he has appeared on a segment of "I" Team Investigates on WBAL. We are admitted to practice in state and federal courts in Maryland. Among the areas where we can provide assistance are:
Our firm can assist you in connection with the most common types of pension plans, including defined benefit plans and defined contribution plans. A defined benefit plan promises a specified monthly benefit at retirement. The plan may state this promised benefit as an exact dollar amount, such as $100 per month at retirement. Or, more commonly, it may calculate a benefit through a plan formula that considers such factors as salary and service, for example, 1 percent of average salary for the last 5 years of employment for every year of service with an employer. The benefits in most traditional defined benefit plans are protected, within certain limitations, by federal insurance provided through the Pension Benefit Guarantee Corporation, or the PBGC, which is located in Washington, D.C. A defined contribution plan, on the other hand, does not promise a specific amount of benefits at retirement. In these plans, the employee or the employer (or both) contribute to the employee's individual account under the plan, sometimes at a set rate, such as 5 percent of earnings annually. These contributions generally are invested on the employee's behalf. The employee will ultimately receive the balance in their account, which is based on contributions plus or minus investment gains or losses. The value of the account will fluctuate due to the changes in the value of the investments. Examples of defined contribution plans include 401(k) plans, 403(b) plans, employee stock ownership plans, and profit-sharing plans. These plans are NOT insured by the PBGC. Recently, many corporations have tried to change their defined benefit plans into so-called cash balance plans, a type of defined benefit plan. Changing the nature of a pension plan can have material effects on the amount of benefits a participant receives. If you need an aggressive litigator to represent you in an employee benefit matter call: Marc L. Jordan, J.D., University of Maryland, 1984; Lieutenant, U. S. Marine Corps, 1973-1976, Attorney, Pension Benefit Guaranty Corporation, 1994-1998. or Melinda G. Tell, J.D. University of Pittsburgh, 1982; Former Assistant General Counsel, Pension Benefit Guaranty Corporation
Phone: (443) 535-0040 email: lawyers@jordantell.com Offices: |
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