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Rep. Tim Ryan's Good Idea: Pay Pensions Before General Creditors in Bankruptcy
Charles Blahous, Manhattan Institute for Policy Research 
[Opinion] May 31, 2019 "On May 20, Rep. Tim Ryan (D-OH) introduced the Prioritizing Our Workers Act of 2019 ... [T]he bill would require that pension benefits owed to workers be honored before other creditors of a bankrupt company are paid back. Such a change to bankruptcy law faces formidable political obstacles and would have substantial effects on financial markets.... Ryan's proposal moves in the right direction from the standpoints of both economics and fairness[.]" MORE >> |
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