il y a 3 jours · J C Penney Corporation, Inc Pension Plan (Pension Plan) As a result benefits offered through the Voluntary Early Retirement Programs
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April 1, 2021
Pension Plan Status Update
JCPenney Pension Plan Participant,
We are pleased to inform you that JCPenney has reached an agreement with an independent insurance company, Athene Annuity and Life Company (Athene) to transfer the assets and administration of theJ. C. Penney Corporation, Inc. Pension Plan (Pension Plan). As a result, Athene will conduct a voluntary,
standard termination of the Pension Plan and participants will receive all benefits accrued as of December 31, 2020 under the Pension Plan. We are elated that this one-of-a-kind transaction will enable the Pension Plan to pay the benefits that JCPenney intended the participants to receive.