Season 5 · Episode 244
244 – Should Pensions Be Protected in a Corporate Bankruptcy?
Debt Free in 30 · Doug Hoyes
May 4, 201923m 3s
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Show Notes
When Sears went bankrupt and the employees discovered they wouldn't get their full pensions, there was an understandable outcry, and many people has said that the solution is to make pensions the first creditor to be paid in a bankruptcy, ahead of the banks.
That sounds good, but that policy may cause some unintended consequences that hurt workers, as we explain on today's podcast, and we offer some other solutions to this very serious problem.