• SheeEttin@lemmy.world
    link
    fedilink
    arrow-up
    40
    arrow-down
    1
    ·
    1 year ago

    If the pensions were at risk due to the company’s bankruptcy, something has gone very wrong. Generally, pension funds are protected under ERISA.

    • Buelldozer@lemmy.world
      link
      fedilink
      arrow-up
      2
      arrow-down
      7
      ·
      1 year ago

      Generally, pension funds are protected under ERISA.

      There’s a whole lot of Coal Miners who would argue that point.

      • Cosmic Cleric@lemmy.world
        link
        fedilink
        arrow-up
        5
        arrow-down
        1
        ·
        1 year ago

        Were they not covered because of a technicality (for example being a contractor versus an employee), or did ERISA just fail to make them whole as they should have?