DB pension scheme failing
Posted: March 31st, 2020, 10:42 am
I haven't seen much about pension schemes since the Covid-19 pandemic hit.
I have a DB pension from a previous employment that I could take now but have chosen to defer.
If the pension scheme were to fail, would it be better for me if I had started drawing the pension before the failure date, or while it is still deferred?
And what statutory protections might be available for either scenario?
TIA,
Watis
I have a DB pension from a previous employment that I could take now but have chosen to defer.
If the pension scheme were to fail, would it be better for me if I had started drawing the pension before the failure date, or while it is still deferred?
And what statutory protections might be available for either scenario?
TIA,
Watis