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

Format:

Book

Government document

Author/Creator:

Library of Congress. Congressional Research Service.

Language:

English

Subjects (All):

Bankruptcy.

Health insurance.

Labor laws and legislation.

Pensions.

Physical Description:

1 online resource (1 online resource (30 pages)) : digital, PDF file

monochrome

Place of Publication:

[Place of publication not identified] : [publisher not identified], 2014.

System Details:

System requirements: PDF reader software.

text file

PDF

Summary:

Explores protections of benefits awarded retirees and future retirees of bankrupt private-sector employers under current law, and investigates whether bankrupt firms can invalidate previous commitments covering retiree pensions and health insurance. Provides brief case studies of bankruptcy proceedings where competitive pressures resulted in changes in business outlook of the automobile and coal sector, focusing on bankruptcies of General Motors Corporation, the Delphi Corporation, and the Patriot Coal Corporation.

Notes:

CRS Report.

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed June 2015). Reuse except for individual research requires license from ProQuest, LLC.

Other Format:

Microfiche version: Library of Congress. Congressional Research Service. Effect of Firm Bankruptcy on Retiree Benefits, with Applications to the Automotive and Coal Industries

Access Restriction:

Restricted for use by site license.