In the event of bankruptcy, companies are allowed to put pension funds owed to workers behind the money owed to creditors. Since this is very often a devastating practice that deprives pensioners of what they expected to have at retirement, would it be helpful if pension funds had the same standing as other creditors? In other words, would it be helpful if pension funds were moved ahead to the front of the line?
On November 3rd, 2009. See this statement in context.