how much is the dropping of pensions by the private sector gong to affect tax payers?

Question

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?

Answer 1

The Federal Government can and does regulate the solvency of corporate pension plans. Post-Enron regulations and inspections have been increased. Some improvements inclue the barring of company stock from pension plans and 401 K matching funds, and an increase in the minimum funding required.
This is an issue that you should observe in the politicians that you vote for when you vote. How much do they favor or oppose these regulations?

Some politicians are seeking to cut back the "burdensome" regulations that came from Enron, such as the Sarbannes-Oxley regulations on corporate valuation figures.

Answer 2

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

http://www.wsws.org/articles/2005/may2005/unit-m13.shtml


The employees ended up with pennies on the dollar.

Answer 3

He pertains to working human beings a hell of so plenty extra advantageous than somebody like George W. Bush or Mitt Romney, who have been born into wealth. Why do you have one in each of those tense time information how somebody can "relate" to those that aren't precisely like them? is this something you in my opinion have subject with, so which you will't think of how everyone else can do it?

Answer 4

That's about the jest of it.