A company closure

Impact on your simplified pension plan (SIPP)

If you company closes, you will probably lose your job. In that case, no more contributions will be made to the plan by your employer (and you, if members made contributions) and you will not accumulate any more benefits (no new amounts will be credited to your account). In such cases, the pension plan will be terminated.

Impact on your benefits

When the plan is terminated, all the sums credited to your accounts will be paid to you.

Do you have any questions?

Contact your employer or the financial institution that administers your simplified pension plan.