What Happened to Lehman Brothers Employee Pensions?

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I started receiving my Lehman pension through the PBGC. I knew I had the "75" ponts needed and I was 64+. Call the PBGC or go to them on line.

My concern is the same as Samantha Webb and Donald Beets.

I have ben told that the retiree medical of which I was promised 23 days before the bankruptcy and on which Lehman reneged, is gone because a judge considered tha whatever was self funding the plan was an assett and it was stopped. Also I have not heard a thing from the class action attorneys as to a status of the bankruptcy case.

My CBRA will be $1667 a month as of Jan 2011, and if our Congress does not approve the continued 65% sstimulus reduction my monthly medical will be larger than my Social Security monthly check.

Yet I just received a letter fro Lehman saying it's paying $13,500,000 annually for medical for its current employees. What a travesty the American legal system is toward workers affected by bankruptcy's.

Charlie R of NJ 7:08PM December 23, 2010

barclays bank uk bot the lehman n. american operation

and barclays should fund the lehman retiree medical plan

which has been terminated as of jan 1 2010.

i am an age 82 retiree and was in the lehman retiree

medical plan for 20 years and have various health

problems. all of us lehman retires should see what we

can do about the way barclays bank has treated us!!!

donald beets of MO 4:46PM December 13, 2009

I am a public accountant in NJ. You should contact PBGC, pension benefit gurantee company.

G STEAFNO of NJ 2:16PM September 23, 2009

I am an ex-employee and have not heard anything from anyone about what happens to our pension and also our shares.

I am just presuming that they have gone "down the toilet" but is there anyone we can contact?

Samantha Webb 7:04AM September 07, 2009

I am also vested in Lehman's Pension Plan. I am surprised that no one seems to have any contact information. very strange!

mason of CT 5:47AM May 04, 2009

does anyone have a contact address for the "old" lehman pension holders to contact

the company about benefits ?

has there been any discussion for a pre-payment lump sum distribution ?

i have not received anything from them in over a year.

mark of TX 11:46AM March 24, 2009

I left Shearson Lehman Hutton in the late 1980's. Lehman took on Hutton's Pension obligations. Whom do I contact to find out my options, and update my information?

Rick Silver of FL 4:48PM January 26, 2009

I worked for lehman for 12 years, left the firm in 2002 in the last lay off crisis. I was vested in the pension. I wonder what is up with my pension funds? Is this also a bad bet? I wonder where people like myself can go for answers to this question.

Cindy of CA 9:33AM December 15, 2008

I worked foe Lehman Bros. for 20 years but had to go out

on disability 6 years ago due to illness. Is there a way

of getting a lump sum payout on my pension plan. Or am I dreaming

that the plan still really is out there?

Robert Gru n of NJ 6:32AM December 13, 2008

I am 62 1/2 was laid off from Lehman just before the bankruptcy (3 days) lost my severance pay, now I may lose my pension? And no I'm not some million dollar trading floor person.

I could have a pension if I gave up unemployment, which I paid into for 4o years. Why can't I have both together? So what's next take my Social Security!!!

Who is paying for this if we are all out of work and broke.

The U.S. government worries about over seas issues and not U.S. issues, stop paying billions in Iraq, Afghanistan, and other places to people who hate us and get our act together here ASAP!!

What Recession? --- early depression!

of NJ 5:11PM December 12, 2008

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