Pros and Cons of Rolling Your 401(k) Into Pension

2015-03-04T01:09:47-08:00March 4th, 2015|Categories: PBGC, Retirement|Tags: , , , |

A recent rule change has resulted in the Pension Benefit Guarantee Corporation(PBGC) guaranteeing 401(k) balances that are rolled into eligible pension plans. What this means is that if a company offers a pension plan 401(k) balances can be rolled over into the pension and the pension benefit that would result from the rolled over balance will be guaranteed by the PBGC just like the original pension benefit prior to the rollover. This will only impact folks whose employer offers both types of plans. [...]