3 ms·
In most of Europe AFAIK, pensions are in even better status than first-in-line creditors: Money must be continuously deposited to a pension fund, not just an IO
by beagle3 6y ago
In most of Europe AFAIK, pensions are in even better status than first-in-line creditors: Money must be continuously deposited to a pension fund, not just an IOU.
- SilasX 6y agoThe US migrated to the system of required pre-funding too, but not with pension priority over creditors. They get dumped on the PBGC.