- For our retirees, we do not currently intend to make any changes to the Company’s tax qualified pension plan or life insurance benefits.
- If you have already retired and are enrolled in a retiree life insurance, there should be no changes to your benefits.
- Under the U.S. federal law, the assets in your 401(k) plan are held “in trust” for you and are not available to the Company or its creditors – even in bankruptcy.
- The value of your 401(k) is subject to change, as always, due to fluctuations in the value of your investment allocations. To review or change your investments, please contact the JCPenney Benefits Center at 1-888-890-8900.
- Under the U.S. federal law, the assets in your tax-qualified pension plan are held “in trust” and are not available to the Company or its creditors – even in bankruptcy.
- For current retirees, pension checks will continue to be issued.
I am a participant in one of JCPenney’s non-qualified deferred compensation or retirement plans. How does the Chapter 11 filing impact those plans? Expand
- For those retirees who participate in non-qualified deferred compensation or retirement plans, you will receive a separate communication on how the Chapter 11 filing may impact those plans.
- The Company is not in a position to offer investment advice. It is always a good idea to contact your financial advisor before making important financial decisions.
- Information and documents related to the Company’s Chapter 11 cases, including information regarding how to file a claim, will be available on a separate website administered by our claims agent, at http://cases.primeclerk.com/JCPenney.
- In addition, you can call the Information Hotline 877-720-6576 (for calls originating outside of the U.S. please dial +1-646-979-4417) or you can send an email to JCPenneyinfo@primeclerk.com.