Pension Protection
I have a client that has a question regarding the viability of her company’s ability to pay her pension. She is concerned with the company folding, my question is – isn’t there a pension protection agency, for lack of better words?
Any words of advice on this matter?
Permalink Submitted by Alan - IRA critic on Mon, 2013-05-06 20:40
The PBGC insures private pensions up to a certain limit. If she has enough information about her company, she can determine if they are on listed here: http://search.pbgc.gov/single-employer/
Permalink Submitted by Eric Woodfill on Tue, 2013-05-07 00:52
and if they are not on the list, then I am assuming that likely hood of the pension having any form of protection is nonexistant?!
Permalink Submitted by Alan - IRA critic on Tue, 2013-05-07 03:55
There is also a multi employer plan list, mostly used by union shops: http://search.pbgc.gov/multiemployer/