So........ The question every employee is wondering, Will the Pension be safe?
9 replies (most recent on top)
Well there are n0 rumors of Clinks pending bankruptcy so far..so we got that goin for us which is good.
Better take the lump sum ASAP!
Thanks for your reply 100% correct !
a separate fund....and its guaranteed ….but not as to how much you will get.? you may end up with 40% or possibly less. Its dependent on the PBGC. although currently 80% of employees get what they had coming even during a bankruptcy. there have been cases where the received far less than what they had earned.
So instead of calling your co-workers Names Smart a$$ maybe a little info to ease their minds would be better? I mean we can't all be as brilliant as yourself now can we? or CAN WE? Sure we can we can help educate those that don't know there is power in knowledge and then power in numbers so instead of walking around with a pole hook stuffed up your arse lend a hand or explain so the know it
https://www.goodfinancialcents.com/company-is-going-bankrupt-what-about-my-pension/
Wrong, pension is a separate fund not affected by company bankruptcy, they just won’t continue to fund, so take a lump sum. They do owe and will pay pension earned.....d@&$? A$$
They owe you nothing if they file bankruptcy the government will protect them. If you have 20 years or more seriously think about taking the next VTO or just retire.
It is protected on the Legacy Qwest side, Nacchio wanted it out of the gate and tried to take it, they had a Contract coming up and it was the hot topic and it has to be fully funded and not accessible to the company.
Truthfully if you have enough years take your pension now and leave!
No jobs. No pension.