J.C. Penney Corporation, Inc. Pension Plan
On May 15, 2020, J.C. Penney Corporation, Inc., along with 17 of its subsidiaries and related entities, filed for Chapter 11 protection in the U.S. Bankruptcy Court in Corpus Christi, Texas. On October 20, 2020, the company sought court approval of an agreement in which J.C. Penney’s assets would be acquired by a joint venture led by Brookfield Asset Management, Inc. and Simon Property Group. The joint venture did not agree to assume the pension plan, leaving it without an ongoing, viable sponsor.
PBGC is taking steps to protect the interests of the plan’s current and future retirees. However, PBGC is not responsible as trustee of the pension plan. J.C. Penney continues to pay retirement benefits for the pension plan participants.
Please contact the J.C. Penney Benefits Center at 1-888-890-8900 or visit JCP Benefits
- for service about a J.C. Penney pension benefit that you are already receiving or
- to apply for J.C. Penney pension benefits.