Pension Account Frozen Due to Merger

[bowllin323]

What is the name of your state? NY

My company put a freeze on our deferred benefit plan due to a merger with another company that resulted in a brand new company that is offering a matching 401k plan. My question is, if I am of retirement age(68) but do not yet want to retire from the NEW company, can I start to collect my pension benefits from the OLD company (frozen plan)now? Could I be considered retired or no longer working for the OLD company, since I am now getting paid from the new entity?

 

[cbg]

It is highly unlikely that you can collect from a frozen plan. It is also highly unlikely that you can collect from a plan that almost certainly will no longer exist when the plan is "unfrozen".

 

[bowllin323]

cbg

why do you say this.....it is frozen only to not accept new enrollees and will not keep accruing.

 

[cbg]

The assets of the old plan will almost certainly be rolled into the new plan and the old plan cease to exist.