are we twisting in the wind?

Share your concerns and experiences with your pension.

are we twisting in the wind?

Joined: January 30th, 2015, 10:09 pm

January 31st, 2015, 1:34 am #1

Is it true that the company can simply stop paying into the pension fund? Because they feel like it? Or rather, because they DON'T feel like it. What's the scoops here?
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Joined: December 16th, 2009, 4:18 pm

February 1st, 2015, 9:04 pm #2

I guess you know that lu/att has not contributed to the pension fund since before I joined in 1984. It was that overfunded.
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lucentretirees
Site Admin
Joined: December 27th, 2006, 11:00 pm

February 3rd, 2015, 10:53 pm #3

An expert opinion on pension fundIng is quoted:

Pension Protections
Most private-sector defined-benefit pension plans are insured by the Pension Benefit Guaranty Corp., which is funded by insurance premiums paid by employers. If a company's pension plan becomes underfunded and the company cannot make up the shortfall, the PBGC takes over and continues to pay retirement benefits up to the limits set by law, which are adjusted each year.

John Hicksy Alcatel Lucent benefits executive provided a recent history of the pension funds at the following link (his presentstion is half way down)

http://conferences.pionline.com/uploads ... assler.pdf

And visit the LRO home page at www.lucentretirees.com and listen to the recent LRO members meeting presentation on pensions
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Joined: November 1st, 2017, 9:22 am

November 10th, 2017, 7:05 pm #4

Thanks for posting some great resources on the subject.
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