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<blockquote data-quote="vantexan" data-source="post: 3513513" data-attributes="member: 24302"><p>Either way we're covered by the PBGC up to their limit. The only ones who'd get hurt are the ones with bigger pensions who'd lose everything above that limit. Last time I looked the Pension Benefit Guaranty Corporation, a Federal agency, covered pensions up to about $47k if I remember right. Companies that offer defined benefit pensions are required to contribute funds to insure pensioners are covered. Which may be another reason FedEx did this, reduces overhead.</p></blockquote><p></p>
[QUOTE="vantexan, post: 3513513, member: 24302"] Either way we're covered by the PBGC up to their limit. The only ones who'd get hurt are the ones with bigger pensions who'd lose everything above that limit. Last time I looked the Pension Benefit Guaranty Corporation, a Federal agency, covered pensions up to about $47k if I remember right. Companies that offer defined benefit pensions are required to contribute funds to insure pensioners are covered. Which may be another reason FedEx did this, reduces overhead. [/QUOTE]
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