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United States of America (1,638) > Medical care and sickness benefit (62)

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.

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