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What if the Big Three go into chapter 11 ?
Old 11-18-2008, 07:02 PM   #1
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What if the Big Three go into chapter 11 ?

What if any impact might it have on retiree pensions and health care bennies ?
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Old 11-18-2008, 07:04 PM   #2
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Originally Posted by frayne View Post
What if any impact might it have on retiree pensions and health care bennies ?
Should be ok. The government wont let all that fail. Well maybe the health care part. But the pensions would be ok. What do I know though..
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Old 11-18-2008, 07:21 PM   #3
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Probably lose health care right away for salaried retirees, maybe later for hourly. Pensions are not guaranteed by PBGC for the full promised amount and are on a sliding scale (see link). So early retirees get less.

Pension Benefit Guaranty Corporation (PBGC)
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