Perhaps "huge pensions" was not the best choice of words. I was referring to the size of the pension funds in the aggregate and their growth over time rather th

Perhaps "huge pensions" was not the best choice of words. I was referring to the size of the pension funds in the aggregate and their growth over time rather than per employee. The CEO (who invested millions in Sears before and after leaving his hedgefund [0]) stated that $4.5 billion was contributed to the pension funds since 2005. See [1]. However, even then, the pension funds are underfunded by $1.5 billion. See [2]. To be clear, I don't place all blame for the bankruptcy on the pension obligations; I just think it is an important contributing factor should be mentioned in the conversation. Additionally, the bankruptcy will be interesting to watch for its comparison to GM back in 2009 (another company with a large pension obligation on its balance sheet at the time of bankruptcy). [0] https://en.wikipedia.org/wiki/Eddie_Lampert https://en.wikipedia.org/wiki/Eddie_Lampert [1] https://www.chicagotribune.com/business/ct-biz-sears-bankruptcy-pension-default-20181011-story.html https://www.chicagotribune.com/business/ct-biz-sears-bankrup... [2] https://www.pbgc.gov/news/press/releases/pbgc-statement-on-sears-bankruptcy-filing https://www.pbgc.gov/news/press/releases/pbgc-statement-on-s...