The Effect of Firm Bankruptcy on Retiree Benefits, with Applications to the Automotive and Coal Industries

Rapaport, Carol

Library of Congress. Congressional Research Service.

关键词: Bankruptcy;    Pensions;    Retiree health benefits;   

RP-ID  :  R43732
RP-ID  :  R43732_2014Sep22

美国|英语

来源: UNT Digital Library

【 摘 要 】

This report begins with a discussion of whether bankrupt firms can invalidate previous commitments covering retiree pensions and health insurance. The report next discusses the specific protections accorded to retiree pensions and health insurance benefits. Certain types of pensions are guaranteed by a quasi-public agency, while no such guarantee exists for retiree health insurance. The report concludes with brief case studies of the bankruptcies of Old GM, Delphi, and Patriot.