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Strategies & Market Trends : Value Investing
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To: E_K_S who wrote (62835)11/12/2019 10:09:12 AM
From: bruwin1 Recommendation

Recommended By
research1234

   of 78670
 
"As expected, they also have large unfunded pension liability."

I don't know how that works in the USA, but in my part of the world a company cannot lay its hands on Pension money.

Many years ago I worked for a company that went into Voluntary Liquidation and a Liquidator was chosen and appointed and who went about selling off the Assets.

BUT .... the company's Pension Fund fell under the "jurisdiction" of The Registrar of Companies and the Liquidator could not lay one finger on it. All those that were entitled to be paid out got their share of the total Pension Fund.
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