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.

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