Ask Terry Questions Pension de-risking

Pension de-risking

By Terry Savage on August 06, 2023 |

Company pension will be terminated and taken over by an insurance company. At that time the pension will no longer be guaranteed by the PBGC.
It will be guaranteed by some state agency in Illinois. What is that agency and will their guarantee be as good as the PBGC guarantee?

Terry Says

I can’t imagine a corporate pension being guaranteed by any state!~ Please get more details and write back! If you’ll give me the name of the company — and the name of the state agency — I don’t have to publish it, but I can figure out what you’re talking about!!

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