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DB Plan Sponsors in Bankruptcy Get Increased Flexibility to Modify Plan Distributions
McGuireWoods 
[Guidance Overview] Feb. 6, 2013 "Defined benefit plans present particular problems for employers experiencing financial distress. Before the new anti-cutback exception was created, employers in bankruptcy had limited options for addressing underfunded defined benefit plans.... AMR Corporation, the parent of American Airlines, may be first debtor in bankruptcy seeking to use the new exception." MORE >> |
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