Whats the difference between companies in the Terminating Pension Plans database and companies that appear in the 5310 database?
Plans in the 5310 database include both defined contribution and defined benefit plans that are attempting to obtain a favorable determination from the government to terminate. The Terminating Pension Plans database includes only defined benefit plans that have elected to terminate with the Pension Benefit Guarantee Corporation (PBGC). Most, but not all of these plans have distributed the pension fund monies to the participants.
Related Questions
- Several companies, like US Airways and Bethlehem Steel have gone bankrupt and have had their pension plans taken over by the PBGC (Pension Benefit Guarantee Corporation). Could this happen to IBM as a result of the lawsuit?
- Whats the difference between companies in the Terminating Pension Plans database and companies that appear in the 5310 database?
- Healthy companies are also freezing pension plans. How does that work?
