My experience is that companies go through a progression of changes as they get rid of pensions. Mine dropped pensions for enhanced 401k for those with less than a year. Then they cut health care for retirees. A few years later they froze benefits for those not yet retired. Went bankrupt a few years later. Somehow the pensions were not flipped over to the PBGC.
Statistics: Posted by Carl53 — Sat Jun 29, 2024 8:24 am — Replies 2 — Views 265