Health Benefits And Pensions For Chrysler Retirees, What Happens?

[Dinger]

Not to beat a dead horse, but I am not hearing anything in the media, internet, or very much on DU for that matter, on this issue. Is it that complicated? The "elephant in the room"? Who cares? What gives here?

[Journeyman]

1. I don't have either of those benefits - how large a check would you like me to send the UAW? . . .

[Hannah Bell]

3. the poster asked for information, not a check. i don't have a pension or

health care as good as congress does, why should i pay taxes?

i don't get a golden parachute like the folks on wall street either.

but no, autoworkers & pensioners are obviously the cause for you not having benefits.

[Dinger]

9. Bite Me

[jody]

2. Why should Dem politicians care? Chrysler retirees know Republicans won't help so Dems are the only

alternative even though they ignore the plight of Chrysler retirees.

I wrote that intending :sarcasm: but in retrospect realize it may not be far from the truth.

[Hannah Bell]

4. Chrysler Bankruptcy Threatens Retiree Health Benefits

http://industry.bnet.com/healthcare/1000603/chrysler-bankruptcy-threatens-retiree-health-benefits/

The deal traded 5.3 billion of the 10.6 billion chrysler owed to the health care fund for the 55% in non-voting equity.

[Crabby Appleton]

5. see also

http://www.chryslerrestructuring.com/chr/Letter_to_Retirees.pdf

[SpartanDem]

6. This has been posted a few times

Union Takes Rare Front Seat in Deal for Chrysler
MICHELINE MAYNARD
Published: May 1, 2009
DETROIT — Labor unions usually dread bankruptcy, and for good reason. Their pay, benefits and pensions typically suffer significant cuts, as airline and steel workers can attest.

But for the United Automobile Workers union, Chrysler’s Chapter 11 case, which began in New York on Friday, could turn out to be — if the company survives and thrives — the Cadillac of bankruptcies

The U.A.W., for example, has received upfront protection from the Treasury Department for its pension plan and the fund that will take over responsibility for retiree medical benefits

http://www.nytimes.com/2009/05/02/business/02bankrupt.html?_r=2&hp

[Hannah Bell]

7. primer on the bankruptcy

http://www.nytimes.com/2009/05/01/business/01primer.html?em

[BlooInBloo]

8. They're covered.

[ConcernedCanuk]

10. After much research, talking with coworkers, professionals and lawyers - I found out!

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[quiller4]

11. Usually that is true but not in this case--guaranteed by Treasury.