Delawaredave5
Full time employment: Posting here.
- Joined
- Dec 22, 2004
- Messages
- 699
A friend of mine is a retiree of Megacorp - which has a traditional defined benefit pension.
Megacorp is rumored to be split up by an active investor.
Is his pension secure and separate from the company ? If the company gets split up, is the pension at risk ?
I've heard the phrase "pension raiding" but I don't know what that means.
I think it means if a pension is over-funded, a person who acquires the company can raid the pension of the overage, right ?
But no one can touch up to the "fully funded" amount, right ?
Appreciate any insight.
Megacorp is rumored to be split up by an active investor.
Is his pension secure and separate from the company ? If the company gets split up, is the pension at risk ?
I've heard the phrase "pension raiding" but I don't know what that means.
I think it means if a pension is over-funded, a person who acquires the company can raid the pension of the overage, right ?
But no one can touch up to the "fully funded" amount, right ?
Appreciate any insight.