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CRS Report: Pension and Health Care Obligations of the Big 3 Automakers, and Overview of Proposed Bailout (PDF)
Congressional Research Service [CRS]
Dec. 5, 2008
44 pages; see pages 23 through 35 for information on pension, healthcare and executive compensation discussion. Excerpt: "Bankruptcy filing could also threaten health plans for union workers and nonunion workers and retirees. Under a liquidation, there would presumably be no health plans remaining for any former workers or retirees. In the event of a bankruptcy reorganization under Chapter 11, if a firm continues to provide health benefits to its workers, certain individuals would be entitled to purchase health benefits through COBRA[.]" [Unnumbered document, Dec. 3, 2008]
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