NATLEX
Database of national labour, social security and related human rights legislation
United States of America (1,643) > General provisions (141)
| Name: | Retiree Benefits Bankruptcy Protection Act of 1988. Public Law 100-334 (H.R. 2969). |
| Country: | United States of America |
| Subject(s): | Old-age, invalidity and survivors benefit; General provisions; Freedom of association, collective bargaining and industrial relations; Medical care and sickness benefit |
| Type of legislation: | Law, Act |
| Adopted on: | 1988-06-16 |
| Entry into force: | |
| Published on: | U.S. Code Congressional and Administrative News, 1988-08, p. 102 STAT. 610 |
| ISN: | USA-1988-L-6776 |
| Link: | https://www.ilo.org/dyn/natlex/natlex4.detail?p_isn=6776&p_lang=en |
| Bibliography: | U.S. Code Congressional and Administrative News, 1988-08, p. 102 STAT. 610 |
| 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. |