Another Pension Bites the Dust: A Lesson from Hostess’ Bankruptcy
Filed under: Retirement
If you’re one of the few remaining Americans with a pension, we’ve got some good news and some bad news for you.
The good news is that if your pension fails, there’s a backstop provided by the Pension Benefit Guaranty Corporation. That U.S. government agency will cover your payments up to a maximum level that’s based on your age and accrued benefits when the pension failed. For a 65 year old, that maximum is currently $55,840.92.
The bad news — pensions are a dying breed. For instance,…
Another Pension Bites the Dust: A Lesson from Hostess’ Bankruptcy originally appeared on DailyFinance.com on 2012-11-21T10:00:00Z.
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