- Banned
- #46
A frozen plan and its assets are not turned over to the PBGC.Not really....Usairways does not contribute so dead or frozen no difference to me. Bottom line I have a retirement plan unlike millions.. I am fortunate to say that!
A distressed terminated plan is and US had to turn over all the funds assets and issue stock to the PBGC to make up the short fall.
Does US issue the retirees their pension checks?
Nope.
The PBGC does and under a terminated plan you are eligible for the HTC, now arent you? Under a frozen plan your not.