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When do pensions reside when a company disappears?

• dayofthedaleks 7y ago
  The US federal government's Pension Benefit Guarantee Corportation is supposed to prop up the pensions of failed firms. https://en.m.wikipedia.org/wiki/Pension_Benefit_Guaranty_Corporation https://en.m.wikipedia.org/wiki/Pension_Benefit_Guaranty_Cor...
• ghaff 7y ago
  In addition to sibling comment, in my case, the pension is still administered by the acquirer of the acquirer (in this case Dell).
• magicalhippo 7y ago
  Here in Norway, the most common form (90%) of pensions from private companies[1] is required to be handled by a bank, insurance company or similar institution[2]. I've got this. So each month my company pays a percentage of my salary to my pension account with the bank our company has a deal with. The percentage is part of my employee contract. This ensures my pension is still around if the company goes belly up, and my pension is protected as banks are required by law to buy insurance covering savings in case of bankruptcy. [1]: https://www.nho.no/tema/pensjon-og-forsikring/artikler/tjenestepensjon-privat-sektor/ https://www.nho.no/tema/pensjon-og-forsikring/artikler/tjene... [2]: https://lovdata.no/lov/2000-11-24-81/§2-2 https://lovdata.no/lov/2000-11-24-81/§2-2