Yellow, which received a pandemic loan, is winding down operations ahead of an expected bankruptcy filing. The closure of the company would mean the loss of about 30,000 jobs.
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?
If the pensions were at risk due to the company’s bankruptcy, something has gone very wrong. Generally, pension funds are protected under ERISA.
There’s a whole lot of Coal Miners who would argue that point.
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?
Jeez, since when does asking a honest question deserve a downvote?