Originally Posted by
ebuhoner
Thank you for the information!
So for the A/B plans, could the company take it away in a financial crisis? I had an AA jumpseater the other day and he told me about how AA took away their pensions a while back. People who had over 2-3 million dollars saved for retirement, all of the sudden, gone. How could something like this happen?
It couldn’t. Money in your name (401k, defined contributions) are yours and a company can’t touch them. In bankruptcy companies CAN (and have done) void economic sections of contracts such as pensions (defined benefit plans).
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