I apologize if this is an easy question that I'm missing the answer to but is there a way to find out if my company's pension is funded?
Background. I'm 56 and retired from Dupont chemicals this year. the company froze pensions back in 2010 when they ceased offering them to new employees.
Company merged with another mega corp and that goes through end of this year.
Company had not made pensions payments in 2012 and 2013 and at that time they were about 67% funded but back in Feb they did make a huge payment that I believe was part of the merger.
Now of course rumors going round that they are offering a buyout on pensions.
DuPont pension choice: 'The company has scared everybody' (Updates)
I wasn't going to turn on that particular faucet for another 5-8 years but what happens if they decide not to fund the pension anymore? Is that a possibility? what other issues should I be considering?
Again apologies, I did search through the site and look at other threads as I know this topic comes up a bit.