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if my employer files for chapter 11 bankruptcy will I lose my vested company pension
Saint Louis, MO
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Posted 11 months ago in Bankruptcy / Chapter 11
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pension and chapter 11:
Is my vested company pension affected when the company files chapter 11?
Answers (1)
Lesley Abigail Hoenig
This attorney is licensed in Illinois and 2 other states.
Posted 11 months ago.
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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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