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I NEED SOME ADVICE ON MY PENSION PLAN

Posted on 8/20/15 at 6:52 pm
Posted by tigers1956
baton rouge
Member since Oct 2008
4778 posts
Posted on 8/20/15 at 6:52 pm
I WORK FOR A COMPANY THAT HAS HAD SOME FINANCIAL ISSUES LATELY AND EVEN THOUGH OUR COMPANY STOCK IS NOT TIED TO OUR PENSION...SHOULD I TAKE A BUYOUT WHEN I RETIRE IN 6 YEARS OR SHOULD I KEEP MY PENSION WITH THE COMPANY....IF THE COMPANY GOES BANKRUPT AFTER I RETIRE WOULD I LOOSE MY PENSION. THANKS FOR YOUR HELP
This post was edited on 8/20/15 at 6:54 pm
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80779 posts
Posted on 8/20/15 at 6:59 pm to
QUIT SHOUTING
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72671 posts
Posted on 8/20/15 at 7:13 pm to
WHAT DID YOU SAY AGAIN???????????????????
Posted by AUtigerNOLA
New Orleans, LA
Member since Apr 2011
17107 posts
Posted on 8/20/15 at 7:24 pm to
LOUD NOISES!
Posted by Jag_Warrior
Virginia
Member since May 2015
4101 posts
Posted on 8/20/15 at 7:54 pm to
No, it should be covered under the Pension Benefit Guaranty Corporation.
Posted by nelatf
NELA
Member since Jan 2011
2296 posts
Posted on 8/20/15 at 11:25 pm to
What Jag said.


A defined benefit plan is something to cherish in today's world....don't screw it up.
Posted by matthew25
Member since Jun 2012
9425 posts
Posted on 8/20/15 at 11:58 pm to
Only a certain amount is insured by the PBGC.

Ask any Delta pilot.
Posted by Shepherd88
Member since Dec 2013
4586 posts
Posted on 8/21/15 at 6:53 am to
Correct, not all pensions plans are covered by pbgc
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