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<blockquote data-quote="vantexan" data-source="post: 987384" data-attributes="member: 24302"><p>Actually the PBGC updates a table each year that states the maximum you'd receive based on your age at either the point of plan termination or when the company went into bankruptcy. For 2012 the most anyone could receive a month is for a 65 year old whose plan was terminated this year: $4653.41. If you were a high earner expecting $8000 a month you'd take a big hit.</p><p></p><p>I was 46 in 2008 when our plan terminated and their table for that year shows the max that I can receive a month if FedEx filed bankruptcy is $1164.38, which is slightly more than what I'd receive at 55 anyways, but less than my full pension at 60. But we all know FedEx isn't going to go down the toilet anytime soon so I'm not sweating it.</p></blockquote><p></p>
[QUOTE="vantexan, post: 987384, member: 24302"] Actually the PBGC updates a table each year that states the maximum you'd receive based on your age at either the point of plan termination or when the company went into bankruptcy. For 2012 the most anyone could receive a month is for a 65 year old whose plan was terminated this year: $4653.41. If you were a high earner expecting $8000 a month you'd take a big hit. I was 46 in 2008 when our plan terminated and their table for that year shows the max that I can receive a month if FedEx filed bankruptcy is $1164.38, which is slightly more than what I'd receive at 55 anyways, but less than my full pension at 60. But we all know FedEx isn't going to go down the toilet anytime soon so I'm not sweating it. [/QUOTE]
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