Sears pension

About a billion dollars of Sears pension funds were 'de-risked' last year by buying annuities from MetLife. That will fully fund 71,000 retirees, with no Sears stock involved anymore.

https://www.fool.com/investing/2017/12/22/is-sears-mortgaging-the-future-of-its-retirees.aspx

However, that still leaves a lot of the pension fund in stocks, apparently still including Sears stock. :-( There were two lawsuits filed about this last year (ERISA violation for continuing to hold such a risky stock), but it may take years for them to work their way through the court system.

https://www.planadviser.com/sears-faces-erisa-suit-over-holding-company-stock-in-retirement-plan/

https://www.plansponsor.com/sears-faces-another-erisa-lawsuit/

https://www.krcomplexlit.com/currentcases/sears-holdings-corporation-401k-company-stock-fund-erisa-litigation/

This was originally posted by @SEgyh9O-1lrr . It deserved to be in a thread on the front page for important info.

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When you figure in the other 100000 pensions that didn't get handed over to Met Life , the pension liability PER YEAR is roughly half a billion dollars .

It all sounds manageable until you plug that figure into the equation .

Those that earned pensions that pay or will pay over $265 a month weren't included in the Met Life deals.

That's still a lot of pension liability .

That's very interesting! Thanks for the information. It is in everyone's interest for this company to continue to do well. The profitable 4th quarter and this news is excellent news I'm sure to the employees. I do hope we can genuinely see a Sears and Kmart revival for the sake of their employees, customers, and for competition. It appears that Sears Holdings is getting stronger, I certainly hope it's true!! It just shows that eventually there is a rainbow at the end of the dark tunnel.

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Sears pension

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