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Your Pension Thoughts
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<blockquote data-quote="beentheredonethat" data-source="post: 817074" data-attributes="member: 4886"><p>Sorry but some facts are wrong. If in your scenario the fund is going belly up (assuming all companies go out of business or pull out or whatever). If the fund is at fully funded, it will run out of funds at the same time the last of the retirees dies. However if it is underfunded, then the PBGC will take over right away and the reduced pension checks start immediately. They won't wait til all the money is gone and then start paying. There have been many cases where the PBGC takes over funds and the assets of the fund is given over to the PBGC.</p></blockquote><p></p>
[QUOTE="beentheredonethat, post: 817074, member: 4886"] Sorry but some facts are wrong. If in your scenario the fund is going belly up (assuming all companies go out of business or pull out or whatever). If the fund is at fully funded, it will run out of funds at the same time the last of the retirees dies. However if it is underfunded, then the PBGC will take over right away and the reduced pension checks start immediately. They won't wait til all the money is gone and then start paying. There have been many cases where the PBGC takes over funds and the assets of the fund is given over to the PBGC. [/QUOTE]
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