Pension Plan

[gdoggy]

Once you are vested in the the pension plan ,are you 100% guaranteed those benefits you have accrued or can you lose them through being terminated.

 

[UpstateNYUPSer(Ret)]

Once you are vested in the plan you are guaranteed to receive a pension at your normal retirement age; however, the amount is not guaranteed. Should the pension fund default it would be taken over by the PBGC and you would receive a drastically reduced pension.