Dissolution of the pension committee

In general, pension committee members carry out their duties until the pension fund is completely liquidated, which results when a plan is totally terminated due to:

  • the decision of the employer to end the plan
  • the employer's bankruptcy
  • the sale of the company, if the new owner does not maintain the plan.

Members are responsible for all decisions made by the committee even after the dissolution of the committee. Therefore, even after the pension committee's dissolution, it is important to keep the documents related to actions taken while carrying out the pension plan's administration.

For more information on the makeup of the pension committee, refer to:

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