Does JCPenney have insurance?
Life and AD&D Insurance – JCPenney offers a fully company-paid Life insurance policy. Associates also have the opportunity to purchase additional Life insurance, plus several plan options for voluntary life insurance for their spouse and/or children.
What happened to JC Penney Life Insurance?
JCPenney Life Insurance, later known as Stonebridge Life Insurance Company, was merged into Transamerica in 2015. In 1999, it was acquired by the Aegon Group, a leading international life insurance, pension, and investment company based in the Netherlands.
Who does JCPenney use for 401k?
Pension Benefit Guaranty Corp.
Does JCPenney have a pension plan?
It is Athene’s biggest ever pension transfer deal. Under the terms of the deal, J.C. Penney Co Inc has agreed to transfer $2.8 billion in pension obligations for roughly 30,000 participants in J.C. Penney’s pension plan, according to people familiar with the matter.
What will happen to JCPenney pensions?
JCPenney has completed a transfer of pension risk to annuities provider Athene Holdings that ensures the bankrupt retailer’s retired employees will continue to receive their benefits. The deal completes the termination of JCPenney’s plan as it prepares to emerge from Chapter 11 bankruptcy.
Will JCPenney retirees lose pensions?
For our retirees, we do not currently intend to make any changes to the Company’s tax qualified pension plan or life insurance benefits.
What is the value of JCPenney?
JCP Price/Volume Stats
| Current price | $0.18 | 52-week high |
|---|---|---|
| Prev. close | $0.24 | 52-week low |
| Day low | $0.17 | Volume |
| Day high | $0.24 | Avg. volume |
| 50-day MA | $0.32 | Dividend yield |
Does JCPenney have a new owner?
The company’s new owners, Simon Property Group and Brookfield Asset Management, said Wednesday that they’re looking for a new leader “who is focused on modern retail, the consumer experience, and the goal of creating a sustainable and enduring JCPenney.”
What is JCPenney stock at?
Key Turning Points
| 52-Week High | 1.2500 |
|---|---|
| Fibonacci 50% | 0.6550 |
| Fibonacci 38.2% | 0.5146 |
| Last Price | 0.1459 |
| 52-Week Low | 0.0600 |