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Do employees in a defined benefit plan have any protections

Do employees in a defined benefit plan have any protections in place in the event the company goes into bankruptcy or could they lose the promised benefits?

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Yes, contributions to a defined benefit plan are insured to a certain amount. If the company goes bankrupt, all employees will receive all of their pension amounts, and in a few cases, some of the employees will receive most, but not all, of the amount. The majority of employees do receive 100% of ...

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Do employees in a defined benefit plan have any protections in place in the event the company goes into bankruptcy or could they lose the promised benefits?

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