Retired Macy's employee here....for those of us that are receiving pension payments monthly, what happens if Arkhouse takes over? Are our pensions protected?
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Pensions are protected. But when offered, especially if you’re years away from collecting, strongly consider taking the present value as a lump sum and having it rolled into a IRA that you control. Your financial advisor can help you make better use of that money for growth vs. what the pension plan provides.
My inquiring mind is wondering about the retiree lifetime discount too!
Your pension is paid by a third party bank.so it’s should be protected.