What happens if the defined benefit pension plans are terminated?

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What happens if the defined benefit pension plans are terminated?

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No decision has been made to terminate the defined benefit pension plans. In the event a qualified plan is terminated, it will be administered by the Pension Benefit Guaranty Corporation, which is an independent agency chartered under federal law. For more information about the PBGC insurance protections and its limitations, you may visit ww.pbgc.gov.