Pensions - What Should I Do ?

B D asked:


With Lehman Bros. filing for chapter 11, what happens to retireee pensions and medical benefits? Will they just cease, will they be restructured, will they be untouched?

Any info would be very helpful, Thank you.

Emelia

Mike B asked:


My mother is collecting my fathers pension and medical benefits my father earned while working for and retireing from General Motors. IF the fold, file bankrupcy or are sold will she loose everything? Is there any way to secure these benefits agaist GM’s miss managment?

Diego