Bankruptcy Filing Shifts Spotlight to Sears’ Pension Plans

October 19, 2018

Sears decision to seek Chapter 11 bankruptcy protection has brought its underfunded pension plans into the spotlight. Eddie Stone, counsel to ProtectSeniors.Org explains why he thinks the government will need to step in.

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As Sears files for Chapter 11 bankruptcy protection, the future of its massive pension obligations is in question. The storied retailer has around 90,000 retirees with pensions, and Eddie Stone, counsel to ProtectSeniors.org, said Sears is still "on the hook" for those funds unless it ends up being liquidated.

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Sears, One-Time Face of American Retail, Files for Bankruptcy

Sears, the 125-year-old retailer that pioneered the use of the U.S. Postal Service to sell Americans everything from jewelry to tires, has filed for chapter 11 bankruptcy protection.

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Bankruptcy Filing Shifts Spotlight to Sears’ Pension Plans

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