Not paying pensions should be illegal.
I think after Sears and the rest, people prefer money now vs money later. But if I knew the money was good, I'd rather not manage it myself.
I think after Sears and the rest, people prefer money now vs money later. But if I knew the money was good, I'd rather not manage it myself.
A bankruptcy does not mean the pension funding is gone. In the case of Sears it transferred to the PBGC with the federal government. In my case, the pension administration is handled (well outsourced) by the current owner of my long ago employer.
I have to believe that if a company is "managing" 401k investments, it's just an abstraction on top of some agreed-to investment strategy at the brokerage.
Rollovers typically only happen after employment has ended.
https://www.investopedia.com/terms/i/inservicewithdrawal.asp