What Happens To Your Pension If The Company Goes Bankrupt?

For employees and retirees that are covered by pensions plans, there is always a risk that the company sponsoring the pension plans goes bankrupt. The PBGC is there to help guarantee some of those pension payment but the PBGC itself my be facing insolvency by 2025. The video will walk you through how the PBGC coverage works, the insolvency issues, the annual amount that the PBGC guarantees, and the Single Employer vs the Multi-Employer Programs under the PBGC.

#pension #pensionplan #retirementplans #bankrupt #retirementplanning #greenbushfinancial

[richbabegang]

Thank you. I look forward to learning more about pensions as each of my sisters are teachers with most of my cousins and family members being civil servants. I landed on your page after watching an interview with Robert Kiyosaki and Patrick Bet-David where Mr. K makes mention of PBGC and how his airline pilot friends retired broke. I was unaware that a pension plan could go broke.

[guloguloguy]

THANK YOU, FORT POSTING THIS!!! ["SHARED" ON GAB.AI ]

[guloguloguy]

I WOULD THINK THAT PART OF THE "LANGUAGE" OF THESE "PENSION AGREEMENTS" WOULD REQUIRE THESE EMPLIOYERS, AND THE AFFECTED EMPLOYEES, ALL, TO "ACT IN GOOD FAITH", TO SEE TO IT THAT THEIR "EMPLOYEE'S PENSIONS ARE ALWAYS BEING ADEQUATELY IF NOT, THEN PERHAPS "PENSION AGREEMENTS OUGHT TO BE WRITTEN UP BY BETTER, COMPETENT LAWERS, AND THE POLITICIANS (IN CONGRESS), NEED TO PROPERLY "OVERSEE" SUCH "PENSION (AM I WRONG?!)....

[RecoveringUGrad]

PBGC said in their FY 2019 will be insolvency by 2025....and that report was for fy2019...pre-COVID

[glendacastillo]

Im glad i retired from the military. I received my pension monthly.