btenny wrote:What happens to a retirement pension when a part of a company is bought out or sold? Does the pension and responsibility to pay the retiree stay with the parent company or is this negotiable in the deal? What happens when this is repeated N times and the company that is left is small versus the number of retirees that are left? Is there any way to find out what is going on from the retirement fund?
I am concerned about my pension because my company sold out the part of the business that I worked for years ago. As retirees we were told nothing when that occured except our pensions continued as we were promised and they are still listed as coming from my original company. Today they sold another part of the business. I am sure that much occured behind the scenses on the first sale so this new sale and other business changes are making me nervous.
Any insight would be appreciated.
Thanks in advance.
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