Yes, which is what I said, in not so direct terms. Federal law, regardless of party, mandates retirement fund protection, the plans are federally protected.Erik Latranyi said:Depending on the party in power, the VEBA may still be "bailed out" by taxpayers......as has been done for many other retirement plans.
Part of the focus of the " structured" bankruptcy, was to protect the taxpayers from an even larger loss, should the VEBA fail. The pensions are actually still in jeopardy, under the current funding methods. There are many fewer workers paying into the fund, than there are retirees.