Read everything on this site https://www.pbgc.gov/
8 replies (most recent on top)
If you think the pension being "fully-funded" today makes you safe, you are WRONG! Better find a good financial advisor and talk to them. A pension only has to be funded to 55-ish %! Don't think it will impact you? Ask people from companies that went under how their "fully-funded" pensions now only pay them 55% or less!
@2jrf+1j2jDboi
The joke is going to be on those who choose to stay! They WILL change the pension. They will get screwedover! RUN!!!!! FAST!!!!!
They are taking the monthly, so they think they are unaffected.
Many normies appear to be sleep walking right past their last and best chance to GTFO.
Maybe a VSSP would awaken them… doubt it
It depends how old you are. Otherwise, can be cut from pbgc
I am sticking with monthly payments and passing on the lump sum. Pension is well funded, so when (not if) Ford goes bankrupt, most of the monthly benefit should be preserved.
Yes