Is Your Pension Safe When Your Company Files Bankruptcy?
If your company goes bankrupt what happens to your Pension? Will you be left out in the cold? Will the money you have been counting on for your retirement be gone? Will you be forced into continuing to work, or even worse, be forced into returning to work after you have already retired? Safeguards Against Losing Your Pension Plan Fortunately, it is not as bad as most people think! There are safeguards in the United States to prevent you from losing your pension plan. In the United States every defined-benefit retirement plan is insured, at least to a point. Most will receive all or at least most …
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