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I A M penison out of money
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<blockquote data-quote="zubenelgenubi" data-source="post: 4264755" data-attributes="member: 63706"><p>What pensions have been shut down as a result of a company that is contractually obligated to pay into it suddenly deciding not to?</p><p></p><p>As for what law, a little something called the ERISA:</p><p></p><p><a href="https://www.law.cornell.edu/wex/pension" target="_blank">Pension</a></p><p></p><p>"The legislation also requires employers to adequately fund the program and establishes fiduciary responsibilities that must be adhered to. ERISA also establishes the Pension Benefit Guaranty Corporation to insure defined benefits plans. (PBGC). Employers must pay premiums so that their plans are covered by the PBGC. The termination of plans is also extensively regulated."</p></blockquote><p></p>
[QUOTE="zubenelgenubi, post: 4264755, member: 63706"] What pensions have been shut down as a result of a company that is contractually obligated to pay into it suddenly deciding not to? As for what law, a little something called the ERISA: [URL='https://www.law.cornell.edu/wex/pension']Pension[/URL] "The legislation also requires employers to adequately fund the program and establishes fiduciary responsibilities that must be adhered to. ERISA also establishes the Pension Benefit Guaranty Corporation to insure defined benefits plans. (PBGC). Employers must pay premiums so that their plans are covered by the PBGC. The termination of plans is also extensively regulated." [/QUOTE]
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