Frozen Pension Plan

[Fatherknowsbest]

A number of current employees are covered by the pension plan that was frozen in 1989. Can anyone share some information about the plan?

What Insurance Company holds the anuity plan?

The Company says the money is "safe and untouchable".
Should we believe them?

If we go into Chapter 7, and close our doors, no one is around to tell us how
to legally receive what is ours. What are the steps to file claims?

What happens to the promised monthly payouts if the plan never receives any more Company money?

Is it possible that no future payments are necessary?

How do we protect what is rightfully ours?

If allowed the Company may try to get their hands on it.

We MUST make sure that doesn't happen!

Thoughts anyone?

Thanks!

 

[FLYUSAIRWAYS]

These are good questions. Hope someone has the answers. I'm vested in this plan too.

 

[Hello Newman]

The pension plan was frozen in 1992, not 1989.

 

[Fatherknowsbest]

I cannot believe that this is of no importance. Maybe the Holiday weekend has many away from their keyboards. I am posting again so that this thread doesn't drop to the bottom of the page.



Any info would be appreciated..............

Thanks for the correction on when the plan was frozen.



Regards,

Father