What Happens to My Pension if My Company Goes Bankrupt?

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What Happens to My Pension if My Company Goes Bankrupt?

Submitted by mike on Wed, 11/19/2008 - 9:20pm.

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If you’re lucky enough to have a pension through your employer, you’re probably wondering what effect this significant economic downturn will have on your benefit. What happens if your employer goes bankrupt? What does it mean if they freeze your pension? Can your pension benefit just disappear? And where do you go if your employer does go out of business and how can you receive what you’re entitled to?

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