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  • Pension

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    Scott Cobb
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    Many companies have failed to meet their pension obligations or have reduced pension obligations through bankruptcy. This resolution calls for employee pensions to be the top priority obligation met in cases of bankruptcy, reorganization, merger, or relocation of a company. It was submitted by a precinct of the Democratic Party in a county to work towards achieving this resolution to prioritize employee pensions over other creditors and payments.

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    Many companies have failed to meet their pension obligations or have reduced pension obligations through bankruptcy. This resolution calls for employee pensions to be the top priority obligation met in cases of bankruptcy, reorganization, merger, or relocation of a company. It was submitted by a precinct of the Democratic Party in a county to work towards achieving this resolution to prioritize employee pensions over other creditors and payments.

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    Download as PDF or read online from Scribd
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    10 views1 page

    Pension

    Uploaded by

    Scott Cobb
    Many companies have failed to meet their pension obligations or have reduced pension obligations through bankruptcy. This resolution calls for employee pensions to be the top priority obligation met in cases of bankruptcy, reorganization, merger, or relocation of a company. It was submitted by a precinct of the Democratic Party in a county to work towards achieving this resolution to prioritize employee pensions over other creditors and payments.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF or read online from Scribd
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    AdoptedlNot Adopted by Precinct I Senate District

    PENSION

    Whereas, many corporations/companies have failed to live


    up to their pension obligations, and

    Whereas, many corporations/companies have used United


    States bankruptcy laws to reduce or void their pension
    obligations, and

    Whereas, many corporations/companies use reorganization


    to reduce or void their pension obligations, and

    Whereas, those corporations/companies continue to provide


    bonuses or incentive pay to corporate/company officers, and

    Whereas, those corporations/companies continue to pay


    creditors, suppliers, and in some cases themselves, and

    Whereas, the employees are always last in line, therefore

    Be it Resolved, that in cases of bankruptcy, reorganization,


    merger, or relocation the first obligation met is the employees'
    pension,

    Be it Further Resolved, this precinct of the


    County of the Democratic Party work to achieve this resolution.

    Submitted by (name of person and/or org.)

    From Precinct

    From Senate District

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