Does anyone have any information if buyouts still in the works ? Or are us old timers going to screwed out of our pension so Eddie Lambert can pad his wallet
8 replies (most recent on top)
Sorry iPad went a little crazy with spell check. I meant to say because you took a lump sum not doeheard.
@pbh we are talking about pension buyouts not job buy outs. Pension buy outs where you get a lump sum from the company to leave the company and give up all your rights to collect a pension because you took a lump Doeheard the lump sum would be 2 to 3 times your yearly salary. Anyone hear any more on this?
Why would they have buyouts when you can just be laid off? Not trying to be mean here but it doesn't make sense.
@xgb Really? Why so nasty?
you are so f--- e d
Government Trust. Will hammer anyone who goes for an early retire or lump sum.
if a buyout of any type hasn't happened yet, its a good possibility it ain't ever gonna happen
Only thing gotta watch out for ( and can;t do anything about it ) is if PBGC takes over penson plan, they could significantly reduce pension benefits
Heard talk of buyouts happening but what happens if he claims bankruptcy does he then not have to pay anyone anything? No pension buyout no severance? He still has to pay pensions but why would he give buyouts if he doesn't have to?