Employee Benefits: Effect of Bankruptcy on Retiree Health Benefits
HRD-91-115
Published: Aug 30, 1991. Publicly Released: Sep 25, 1991.
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Highlights
Pursuant to a congressional request, GAO provided information on the effect of employer bankruptcy on retiree health benefits, focusing on: (1) selected bankrupt companies' continued provision of health benefits to their retirees; (2) the extent to which legislation has helped protect retiree health benefits; and (3) effects of bankruptcy on active workers and retirees in company health plans when the companies have assumed the risk of paying health claims directly rather than purchasing insurance.
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BankruptcyCorporationsRetireesElderly personsEmployee medical benefitsEmployee retirement plansHealth insuranceHealth insurance cost controlPension plan cost controlPrivate sectorRetirement benefits