Better get out now or you will lose your pension. Just look at what is happening to the City of Stockton employees. Look what happened to American Airlines employees. This POS is going bankrupt and when it does, the pension will be GONE
PBGC will be forced to take it over. Pension will not be lost, just issued by someone else.
It depends on whether or not jcp dumps it on to an annuity. If they do, there is no PBGC protection.
It may not be totally lost but it can easily become just a fraction of what was expected.