In what can only parallel the US in 20 years, Kodak’s unfunded pension liabilities were the final straw precipitating bankruptcy.
The US has over $60 trillion in unfunded liabilities, mostly for social security, medicare, and veterans. That’s over $500,000 per household.
Retiree Imbalance Underlies Filing
Link: Retiree Imbalance Underlies Kodak Bankruptcy Filing
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Updated Jan 23, 2012 by