UAL Pension

I am sure that most have heard about UAL and their pension plan troubles and how it might concern me.

When a pension plans terminates without enough money to pay all benefits, the Pension Benefits Guarantee Corp steps in to pay pension benefits. UAL pensions plan benefits were different than the PBGC’s government guarantee plan. At UAL you could under certain condition retire before 65 with full benefits. The PBGC pays less benefit if you retired before 65 under than under the UAL plan.

I retired at 62 without the full benefits and I am not not effected.