Michael Madigan wrote: > I don't know. I thought pensions were required to be fully funded. > > Most likely they won't lose their pensions, just possibly have to contribute > more to their healthcare.
Hi Michael, There is a government pensions guarantee board - but with the deficit what it is . . . http://www.pbgc.gov/wr/benefits/guaranteed-benefits.html > On 1/6/2012 12:24 PM, Michael Madigan wrote: >> No, because bankruptcy doesn't mean closing the company. General Motors >> would have been able to reorganize under chapter 11, restructure their >> pension system, and restructure their debt. Instead we have the government >> bailing them out, forcing it to build a PoS car like the Chevy Volt, and >> they're in no better shape now than before. Then add to it the billions >> that the American taxpayer lost and will never recover. > > Reminds me of that article on Kodak. Will those retirees get screwed > out of their pensions if Kodak goes to bankruptcy? > > -- Regards, Pete http://pete-theisen.com/ http://elect-pete-theisen.com/ _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
