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If my employer files for chapter 11 bankruptcy will I lose my vested company pension

Asked about 3 years ago - Saint Louis, MO

Is my vested company pension affected when the company files chapter 11?

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Attorney answers (1)

Reputation Level 14
Answered about 3 years ago. Bankruptcy Attorney in Mount Pleasant, MI.
It depends on the nature of your pension. If it is a traditional pension, yes it could be effected. Especially if the company filing does not have the ability to pay it and the Pension Guarantee Fund takes over.
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