The process of a company stopping benefit accruals under their pension plan. Employees enrolled in the pension plan will not earn additional benefit credits, preventing it from continuing to grow during the frozen period. A company that implements a freeze may not reduce or revoke any money that the enrollees have accrued, but it can stop contributing to plan as long as it provides the required 15 days of notice.
Related information about frozen pension:
- Frozen pension - Wikipedia, the free encyclopedia
Pensions which have been left behind in an occupational pension scheme by people who are no longer employed by the sponsoring employer are "frozen" until ...
- What to do when your pension is frozen - Jun. 9, 2010
Jun 9, 2010 ... If your pension gets frozen, it's time to rethink your plans - and step up your savings.
- Frozen pension widows 'may have suffered discrimination' - Telegraph
2 days ago ... Widows of frozen pensioners appear to have been paid at a lower rate than their male counterparts.
- Skating on a frozen pension « Bankrate, Inc.
Oct 1, 2010 ... Pension freezes are becoming more common among large companies. Here's what happens and what you can do.
- Pension Freezes | Pension Rights Center
See our list of companies that have frozen or made significant changes to their pension plans. What does it mean to “freeze” a pension plan? When a company ...
- What is a Frozen Pension? | Pension Release by Grove
The term Frozen Pensions is explained by Grove Pension Release - experts in Pension Release.
- Chipping Away At The Pension Freeze Trend
Jan 30, 2007 ... A frozen pension plan is one that has been amended to discontinue benefit ... Generally, there are two types of frozen pension plans, a hard ...
- Managing your Frozen Pension Plan: A New Paradigm - Aon
Managing the Frozen Pension Plan as a Financial Obligation. When a ... The frozen pension plan is no longer a human resource tool, but a financial obligation ...