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What Happen To My Pension If My Company Goes Bankrupt?

By: , dated March 9th, 2010

If you work for a company that has a pension, should you be worried? What protections do you have? Will all the money you have been paying into your retirement just be gone? Not too long ago, auto giant General Motors and electronic leader Circuit City filed for bankruptcy leaving many wondering â

Jeff Rose Jeff Rose, CFP

is the owner of Good Financial Cents, a Financial Planning and Investment Blog by a Certified Financial Planner with a goal of helping you make "Cents" of your investments. (Follow Jeff Rose on Google+)

Copyrighted 2014. Content published with author's permission.

2 Responses to “What Happen To My Pension If My Company Goes Bankrupt?”

  1. leroy slater says:

    My company changed plan sponsors at the beginning of 2010. I was told by plan administrator that the money will be transfered to the new sponsor. How long should this process generally takes?

  2. Craig Jones says:

    Thanks for the tip about rolling your pension into and IRA to release it from the company. I’ve been talking to my financial advisor about this and he agrees that it is a very good idea.

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