answersLogoWhite

0

If a company is taken over or bought, the employee with a pension has the right to ask management how the pension is going to work. If an employee has money tied up in an IRA, then the company can refund that money to start a new program or continue the program.

User Avatar

Wiki User

11y ago

What else can I help you with?

Related Questions

Who holds the pension for olsonite retirees?

Contact The Pension Benefit Guaranty Corporation (PBGC) to find out who holds the pension for Olsonite retirees, as they may have taken over the responsibility if the company no longer exists or has trouble fulfilling its obligations. Sometimes, the company's human resources department will also have information on this.


Who holds the pension for A B Dick Company now?

As of my last knowledge update in October 2023, the pension for A B Dick Company is likely managed by a pension fund or a financial institution that has taken over the pension obligations. Specific details can vary based on corporate restructuring, mergers, or acquisitions. For the most accurate and up-to-date information, it would be best to consult official company announcements or financial reports.


Is ssi taken out of pension checks?

No.


Who bought 20th century guardian life insurance company?

If you have a policy with this company and you know the state that the policy was taken out in. I might be able to help you find out who bought this company out. Please email me at Helthyliving@aol.com Michael


What happens if a company doesn't pay taxes?

The company is taken to court - and they either agree to pay up, or the company is dissolved.


Ticker symbol of HET is for what company?

HET is the old ticker symbol for Harrah's Entertainment (Casinos). The company is no longer a publically traded company. It was bought out and taken private.


What is the Phone number for Provident life and pensions?

I don't think the company exists anymore, it was taken over. If you are trying to trace a pension you will need to get expert help.


What happens to stock when a firm is taken private?

When a firm is taken private, the stock cannot be bought or sold on the public exchange. This is called making the stocks illiquid.


What company handles retirement and pension of ames department stores employees?

The retirement and pension plans for Ames Department Stores employees were typically managed by the company itself before it filed for bankruptcy in 2001. After the bankruptcy, the pension plans were taken over by the Pension Benefit Guaranty Corporation (PBGC), a federal agency that protects the retirement incomes of American workers. For specific inquiries about individual accounts, former employees would need to contact the PBGC or check any documentation they received regarding their pension benefits.


Where does the money go when you buy a Nintendo DS?

Part of the money is taken by the company you bought it from. And the profits will go to Nintendo


Can my pension be taken for restitution?

In some cases, a portion of your pension could be subject to garnishment for restitution owed. The specific rules regarding whether and how much of your pension can be taken depend on your state's laws and the type of pension you receive. It is advisable to consult with a legal professional in your area for personalized guidance.


How much is Canada pension benefits reduced if received before age 65?

Canada Pension Plan benefits are reduced by 0.6% for each month before age 65 that the pension is taken. This can result in a maximum reduction of 36% if benefits are taken at age 60.