Quote:
Originally Posted by Blair1955
How would this GM pre-packaged bankruptcy work and what would become of the retirees?
Blair
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The pension goes to the Federal Government:
http://www.pbgc.gov/ I believe they pay a fraction of the orignial pension, but its still something (unlike everyone else losing their 401Ks).
Health care goes to Medicaid, but I don't know what happens if you're too young to qualify. It might be lost.