We have blogged about companies diverting pension moneys when in claimed financial distress. The existing penalties are insufficient to stop this abuse and need to be changed to protect employees and their beneficiaries. And now there is Hostess, the maker of Twinkies, who joins this group of devious pension raiders. See this recent article. Make sure you frequently check your pension accounts and also that your employer is making all required pension contributions on time. Any questions, call Lebau & Neuworth, LLC, asap.
