P
photog
Guest
Last year I retired. In addition to my qualified pension, I have a non-qualified pension from my employer. My employer is a corporation that is wholly owned by another, significantly larger (multi-billion dollar) corporation.
I would like to know which corporaton has ultimate liability for paying this non-qualified pension. If the smaller corporation that I worked for were to go out of business, would the larger corporation that owned this smaller corporation be required to take on this liability?
I live in Connecticut and this is where I worked for this company. The smaller corporation that I worked for was headquartered in New York. The larger corporation is based in Canada.
Thanks for any guidance that you can provide.
photog
I would like to know which corporaton has ultimate liability for paying this non-qualified pension. If the smaller corporation that I worked for were to go out of business, would the larger corporation that owned this smaller corporation be required to take on this liability?
I live in Connecticut and this is where I worked for this company. The smaller corporation that I worked for was headquartered in New York. The larger corporation is based in Canada.
Thanks for any guidance that you can provide.
photog
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