New Co. wants to buy-out old pension but not to agreeded rules. What c

[Guest GREGG]

In 1996, various divisions of a large Co. were sold off. Employees had the option to retire under the old Co. but continue working for new Co. but getting 2% more as Co. 401k % instead of any pension. $13 Mil was given to new Co. for remaining employees (205 people) and new Co. would still contribute to their pension. New Co. now wants to buy-out the remaining people with pension fund (now $16+ Mil) but they 307 people are elegiable (the other people who already received their pension from the old Co. and some of the people from the new Co. who never worked for the old Co. are getting some of this also). what can we do??? PLEASE ADVISE!!! GREGG