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I have question regarding 'retirement plans' if you don't work for govt. 1. Do your retirement plans transfer between companies. 2. What happens to your retir

• RandallBrown 9y ago
  1. Retirement plans aren't tied to companies necessarily. Usually the company contributes money into a bank account, that you keep after you leave the company. 2. Doesn't really matter as long as the bank with the account is still around. Once you leave the company, they no longer contribute to your retirement account. (I'm specifically talking about 401k retirement accounts.)
• ghaff 9y ago
  Assuming you're asking about traditional defined benefit pensions (as someone else answered for 401(k)s). 1. Not generally (ever?). This is one reason why traditional pensions are less attractive these days. Pensions were really a product of a world where someone worked for GM for their whole career or at least a long period of time. (Pensions tend to be constructed so that they rewarded long stints at one or two companies rather than short stints at a bunch of companies.) 2. It's probably safe. There's various legislation around private pensions and, at least as a last resort, the pension of a bankrupt company could be taken over by the Pension Benefit Guaranty Corp.