System for enhanced management of pension-backed credit
Patent 5206803 Issued on April 27, 1993. Estimated Expiration Date: 
March 15, 2011. Estimated Expiration Date is calculated based on simple USPTO term provisions. It does not account for terminal disclaimers, term adjustments, failure to pay maintenance fees, or other factors which might affect the term of a patent.
March 15, 2011. Estimated Expiration Date is calculated based on simple USPTO term provisions. It does not account for terminal disclaimers, term adjustments, failure to pay maintenance fees, or other factors which might affect the term of a patent.Patent ReferencesMethod and apparatus for benefit and financial communication System and method of investment management including means to adjust deposit and loan accounts for inflation Self-implementing pension benefits system Method and apparatus for releasing value of an asset Patent #: 5083270 InventorsApplicationNo. 670060 filed on 03/15/1991US Classes:705/36R, Portfolio selection, planning or analysis705/35Finance (e.g., banking, investment or credit)ExaminersPrimary: Envall, Roy N. Jr.Assistant: Bodendorf, A. Attorney, Agent or FirmInternational ClassG06F 015/30AbstractA data processing pension plan monitor is directed specifically to the management and controlled access of pension-backed credit. This system permits pension plan participants to establish a line of credit (LOC), based on their vested interest in a sponsored pension plan. This LOC is thereafter systematically applied to a plurality of accounts, each permitted selected credit card and/or check writing privileges.The present invention balances credit access with long term pension requirements. The charges associated with the credit accessed are paid back to the pensioner, thereby retaining certain tax deferred privileges while permitting access to the accumulated funds. | |
