https://pensionrights.org/resource/what-happens-when-a-pension-is-transferred-to-an-insurance-company/
So i would look closer at this info its very interesting When verizon secretly gave our pensions to prudential they fkd us good its is no longer guaranteed it now goes under the state you live in non profit guarantee program which if you click on the table in article states like NJ only guarantee unto a $100,000 value the rest you would have to sue the liquided estate of whats left in it which we know is always nothing
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All Sedgewick has to do is stake out the local McDonald's. They can't resist going there.
Do the union guys on disability not get staked out by Sedgwick, or does that not happen until you go on Long Term Disability?
Oh that's right, I almost forgot about how you union dregs just sit around and go on fake disability. Thanks for the reminder and showing me what "real work" is...
nah , no more manholes . that would mean there's actually new work being done.
But i suppose you wouldn't know about real work . good luck when you're gone
@ymb+1tsq5Bu0 You type all that gibberish from your manhole?
ha . there really are a bunch of di*ks on here. give a fellow employee some useful info and the haters trash you for it. hateful pieces of cr#p!!
Verizon is gonna be done in 5 years. First there gonna push the union out. Then the rest will be outsourced to
India.
Why all the hate and slamming techs with 30 years or so. They may be young and started with company at 20 years of age. Lots of good years left to build retirement and maybe to young and costly for medical. So much hate especially to the union techs.
Oh no my ~$50 a month pension what will I do without it. #%*+= frozen pension **>£€\
Its okay, unioners all claim to be 401k millionaires even though they work well into their 50's and 60's....
So ya i really am not that age or years yet but I was just reading this over it seems pretty legit and very concerning.I mean was the company legally allowed to transfer the pension to prudential without any input.Looks very risky based on history.I mean definitely spells out no longer guaranteed.The state level nonprofit guaranteed up to 100,000$ is a joke .I mean if liquidation never happen it be one thing but reading further this has happened many times and people got scwrd out of their retirement had to go back to work at elder age .If i was going I would definitely take a lump realizing how painful the gatt rate issue is still much safer dont put your trust in anything in this country ever its all a scam for the greedy corps
Yup. But unfortunately I know some people close to retirement that have their heads in the sand and don’t really see what’s coming.