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Pension Plans: Benefits Lost When Plans Terminate

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Report Type Reports and Testimonies
Report Date Sept. 24, 1992
Report No. T-HRD-92-58
Subject
Summary:

Some pension plan participants lose benefits and the ability to qualify for potential future benefits when plans terminate, especially if the plans are underfunded. Despite federal insurance protection, participants in underfunded plans risk losing promised benefits. This testimony discusses the types of benefits participants lose and why.

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