WV Center on Budget and Policy > Press > WVCBP in the News > Corporations Will Likely Follow Patriot to Ax Retirees

Corporations Will Likely Follow Patriot to Ax Retirees

May 31, 2013

West Virginia Public News Service – Observers of corporate bankruptcies say the ruling in the Patriot Coal case will open the door to other corporations that want to shed retiree obligations. Read

Sean O’Leary, policy analyst with the West Virginia Center On Budget & Policy, says retirees might end up having to depend on Social Security, Medicare and Medicaid – all part of a shift of costs from the company to taxpayers.