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USA-1988-L-6776
Breadcrumb
Title_of_text
Retiree Benefits Bankruptcy Protection Act of 1988. Public Law 100-334 (H.R. 2969).
Main Region
First Region
Country(ies)
United States of America
Subjects (Classification)
Freedom of association, collective bargaining and industrial relations; General provisions; Medical care and sickness benefit; Old-age, invalidity and survivors benefit
Adopted on (Date of text)
1988-06-16
Scope of text
National
Type of legislation (Type of text)
Law, Act
Second Region
Abstract/Citation
Provides that a company which has petitioned for bankruptcy under Chapter 11 of the Bankruptcy Code shall continue to pay retiree benefits pursuant to a policy of life, health or disability insurance. If representatives of the beneficiaries agree to modifications in benefits during the pendency of a bankruptcy petition, they may be made. Where the representative and the bankrupt company cannot reach agreement, the presiding judge may decide. A labour organisation shall, unless it opts not to, represent persons receiving benefits negotiated under a collective agreement.
Serial region
Serial title
U.S. Code Congressional and Administrative News
Date
1988-08
Page range
p. 102 STAT. 610