> Kodak aims to conjure up cash by ceasing payments for its retirement pension plan
I have always wondered, what happens to a pension plan when the company files for bankruptcy? What happens if the lump sum payment is not enough for retirees? Are they financially screwed until they die?
I have always wondered, what happens to a pension plan when the company files for bankruptcy? What happens if the lump sum payment is not enough for retirees? Are they financially screwed until they die?