Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

doc03

(39,012 posts) Fri May 10, 2013, 11:35 PM May 2013

Got my annual report from my Defined Benefit [View all]

Pension Plan. When I retired 3 years ago it was around 86% funded, last year it dropped to
just over 80% and this year it dropped to 74%. It is obvious the company is working on dumping the plan on the PBGC (Pension Benefit Guarantee Corporation). So what did our government do? They changed the way the funding is calculated so now it appears to be 84% funded again and the company is required to even put less in the plan. Has anyone else received such a notice? Who was responsible for that action anyway?

8 replies

= new reply since forum marked as read

Highlight:

Got my annual report from my Defined Benefit [View all] doc03 May 2013 OP

Not quite iangmac May 2013 #1

I have gone through this before I had one pension dropped on the PBGC already and it was a doc03 May 2013 #2

Fair enough iangmac May 2013 #4

You may think it is silly but the same company under a different owner petitioned the IRS doc03 May 2013 #3

Employer ya? iangmac May 2013 #5

I would contact the trustees of the fund Sherman A1 May 2013 #8

Was getting those reports more than once a year last year, talking about liabilities v. assets. freshwest May 2013 #6

get in there if you have the time and fight like hell and 4 t 4 May 2013 #7