specal k asked:
when a company goes bankrupt who pays the pensions of the workers?
the fact is that the government pays the pensions in the case of bankruptcy but a lower rate
so when a company breaks a promiss it is up to the tax payers to pay for it is that right?
Mollie
when a company goes bankrupt who pays the pensions of the workers?
the fact is that the government pays the pensions in the case of bankruptcy but a lower rate
so when a company breaks a promiss it is up to the tax payers to pay for it is that right?
Mollie
That’s about the jest of it.
Comment by Bubba — July 10, 2007 @ 7:36 pm
No, it isn’t right.
Remeber just a few years ago…………………..
Court approves termination of United Airlines pension plans
In a devastating blow to 122000 workers and retirees, a federal bankruptcy judge ruled May 11 that United Airlines may default on its pension obligations
The employees ended up with pennies on the dollar.
Comment by Rachel R — July 13, 2007 @ 9:56 pm
The politicians are seeking to cut back the burdensome regulations some improvements inclue the minimum funding required this is an increase in the barring of corporate valuation figures.
Comment by oohhbother — July 15, 2007 @ 4:05 pm