Pension Freezes - SCPR
Authored By: Pension Rights Center
When a company freezes its pension plan, some or all of the employees covered by the plan, stop earning some or all the benefits from the point of the freeze moving forward. Which employees and which benefits depends on the details of the specific situation. Companies have great latitude to change their pension plans. However, they cannot take away any benefit that employees have already earned up to the point of the freeze. For more information on Pension Freezes, please see the following link.