Reply to Thread

This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.

Message: <blockquote data-quote="dennishoddy" data-source="post: 3340764" data-attributes="member: 5412">Correct depending on how the pension contract is written. My FIL retired from American Airlines with a pension and passed away a couple of weeks ago. The pension benefits go down 1/2 vs what he had when alive until his wife dies, and then it stops. Some company pensions stop completely when the owner dies leaving the family nothing. Your correct that with a 401K the family continues to reap the benefits until it's gone. A lot of companies are getting away from the pension program from what I'm reading because people are living longer and the pensions are becoming underfunded. GM is a prime example.</blockquote>