07-24-2023, 10:47 AM
(07-24-2023, 10:38 AM)Goalpost Wrote: I have a hard time believing that your pension can just get cancelled. I had a pension, and when my company got sold, the new company didn't offer a pension, so they froze my pension at that point. Now... a pension may be managed improperly financially, but just cancelling with money in it, I doubt it.
That is what is told us. Just gone.
Happened to my dad too.
1983 they locked out the union, closed the plant and moved everything to a sister plant two states away. Pension was gone.
Sometime in the 2000's or 2010's they finally had a settlement and got pennies on the dollar.
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