Nonvested pension when company is sold

[HominaHomina]

What is the name of your state?What is the name of your state? TX.

Nonprofit corporation "A" owns nonprofit corporation "B". Corp B employees participate in Corp A's cash balance pension plan. Benefits are cliff vested after 5 years.

Corp A decides to sell Corp B. Do non-vested Corp B employees lose their balance? Can Corp A do anything to protect the Corp B employees' interests?

Or, can Corp A require the buyer to take on this liability?

Thanks.

 

[cbg]

Corp A CAN require the buyer to take on the benefits package. Whether or not they WILL or not, is unknown.