A note about pensions

Here’s a note on pensions from Gloria Irwin:

A knowledgeable source at the Pension Benefit Guaranty Corp. says it's unlikely that KR or BJ pensions will be shifted to the government agency. The new buyer will have to assume the responsibility for continuing payments to retirees and for contributing funds for current employees. The KR pension plan appears to be sound, and the funds for BJ personnel will be transferred to the new owner.

A new owner, though, can freeze the pension fund and not allow current employees to accumulate more credit.