... "subject to the claims-paying ability of the sponsoring company".
What does that actually mean? Could such a company lower payouts if, for instance, their history and projections showed an unsustainable level of payouts (a la insurance companies raising their rates across the board)?
Or does the company have to maintain the payouts until they go bankrupt?
Or something else?
What does that actually mean? Could such a company lower payouts if, for instance, their history and projections showed an unsustainable level of payouts (a la insurance companies raising their rates across the board)?
Or does the company have to maintain the payouts until they go bankrupt?
Or something else?