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When John Hancock’s pension plan expires, it could affect more than $100 million in NJ pension funds

Pension plans in New Jersey, New York, New Jersey and New York are in a state of limbo as John Hancock Retirement and Insurance Company, or JHRSIC, has failed to come up with a plan to protect the assets of its employees.

JHHSIC announced last week that its employee benefit plans will be liquidated over the next two years, ending a five-year run for the company, which has more than 11,000 employees.JHHSIIC also announced that it will have to pay $5.2 billion to workers who lost their jobs due to the company’s collapse, and $2.6 billion to retirees.

The pension plan’s assets, worth about $60 billion, have been in a “period of decline for some time,” JHSSIC CEO Richard J. Cottrell told the NJ Advance Media last week.

COTTRELL said that JHSHIIC’s plan would have to be restructured to avoid losses to employees, retirees and the public, and that the pension plan would be “completed” by the end of 2020.

The JHERSIC plan, which is called the JHASSIC pension plan or JSHASIC, was established in 2004 and is intended to help employees, employers and the broader community maintain a high level of pension benefits, including medical care.JHSI has said it has $3.6 trillion in assets and is valued at more than 14 times its liabilities, with about $2 billion in cash.

The plan was initially intended to cover about 2.5 million employees at JHJ, but it has since expanded to cover more than 7.4 million.

The plan is funded by a combination of private pension funds, public pension funds and state and local government pension funds.

In a letter sent to employees last week, JHPSI’s chief executive, Jim Levett, said that the plan’s pension liabilities are estimated to be $1.6 to $2 trillion.

Levett said that if JHSI’s plan were liquidated by the state, it would have the power to transfer assets and liabilities to JHISC to “create new, independent, qualified plans and provide for a liquidation of the current JHSIA and JSHISI plans.”JHSISC has not released any estimate for the size of its pension fund.

The Pension Fund and Retirement Income Trust (PRIT) Commission, which oversees PRIT, has said that it would not approve any plan that could exceed the current plan.