Originally Posted by
upandaway89
Curious to understand the system, as I‘m not familiar with company pensions:
Hypothetically, what would happen to the pension if UPS went out of business/bankruptcy?
PBGC would provide a vastly reduced benefit.
The world looks a lot different than the passenger carrier bankruptices of the naughts. UPS pilot pensions are tied to UPS management pensions, are well funded and bankruptcy law has been reformed.
"never day never" but the day UPS declares bankrupt I anticipate the world will have bigger issues...
(We currently get a 12% DC alongside the defined benefit pension)