There may be more facts than I knew a week ago.
There seem to be Federal laws relevant to TCP1 and TCP2.
I have been told that the proposed and implemented plans may violate these laws.
I am not a lawyer so I do not know whether these claims have a basis.
3 comments:
what laws?
A federal lawyer suggested that there are federal laws about how to handle pensions and changes of management and that these laws might be violated by the situations at LANS and LLNS. I have not kept up on this issue and do not know details. I would appreciate any details that readers might provide.
A further note:
As I remember it, the essence of the legal argument was that federal law requires a spelled out contract out pensions, RIFs, etc. You cannot just have a private pension plan with many sections saying "To be filled in or changed later". The people who are getting the plan have to be signing up for something contractual.
I may not remember this correctly, but this is what I can do.
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