What You Need to Know to Protect Your Pension Benefits
by Lynn O'Shaughnessy
Ultimately, it falls upon you to safeguard your own pension. In this article, youll find out what you need to understand about your pension. Be Alert For Changes Companies are free to tinker with their pension plans, but they arent allowed to eliminate or reduce benefits youve already earned. If you have earned $100,000 in a pension plan that is now being radically altered, youll still be entitled to that $100,000.
Companies usually promote proposed pension changes as good for employees and necessary to remain competitive. But remain wary—in recent years, most of the changes that employers have made to their pensions benefit the employer but have hurt some employees.
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