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jacqueline
Apprentice
Joined: 23 Dec 2006
Posts: 7
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 Posted: 11/21/07 - 07:47 Post subject: |
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Hello everybody, Im afraid I have something not very nice to share with you. Well, the company I work for is very close to bankruptcy, it cant cover the expenses anymore let alone gain something. And this terrible situation lasts for half a year. I dont think anything can help it to stand on its feet again. What Id like to know is what my pension options are in case it goes bankrupt.
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svend
Apprentice
Joined: 21 Feb 2005
Posts: 2
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| Posted: 12/21/07 - 00:25 Post subject: |
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Dont hurry, other half of the year could be better for your company and you might not have to think about this one and similar possible problems. And still, if it happens, your company might take the process of reorganization first, and in this case your pension plan might not be affected. But if your company is liquidated your pension plan will definitely be terminated. In both cases find the administrator wholl explain to you what the status of your pension plan is in both cases. It also refers to the health plan. That would be all I know about this matter and I hope these explanations are helpful for you. On pension options I cant give you any advice. Ill keep my fingers crossed for your company to start making profit.
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