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J.C. Penney Company Pension Plan Overview

Type
Private Sector Pension Fund

General Information

The J.C. Penney Corporation, Inc. Pension Plan was a defined benefit pension plan for JCPenney employees. In November 2020, the Pension Benefit Guaranty Corporation (PBGC) assumed administrative and financial responsibility for the plan, which covered approximately 36,000 participants and had $3.3 billion in assets. In March 2021, Athene completed a pension risk transfer transaction, taking on $2.8 billion in pension obligations.

Contact Information

Year Founded:

Investment Focus & Strategy

Open To First Time Funds:
Institution Type:
Private Sector Pension Fund

Leadership & Principals

Corporate Office:

Portfolio & Notable Allocations

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