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To: Knighty Tin who wrote (197822)10/16/2002 11:57:02 AM
From: Roads End  Read Replies (1) | Respond to of 436258
 
VASO looks like it needs to apply some of it's life support therapy. Sub prime customers in the health care field too I guess. Not good.



To: Knighty Tin who wrote (197822)10/16/2002 12:10:17 PM
From: oldirtybastard  Read Replies (2) | Respond to of 436258
 
it's ok KT, the ERISA took care of all your concerns, tell your co-workers not to worry -g-

Q. What happens when PBGC takes over my plan?

A. PBGC reviews your plan's records to determine what benefits each person will receive.

l If you are already retired and receiving benefits, we will continue paying you without interruption during our review. These payments will be an estimate of the benefits that PBGC can pay under the insurance program, and they may be less than you were receiving from your plan.

l If you have not yet retired, we will pay you an estimated benefit when you become eligible.

Once we complete our review, we will tell you in writing what your pension amount will be and what rights you have to appeal our decision.

The pension benefit PBGC pays depends on (1) provisions of your plan, (2) legal limits, (3) the form of your benefit, (4) your age, and (5) amounts PBGC recovers from employers for plan underfunding.