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MCF Insights: Bankruptcies, Pensions, & the Dodo Bird

When a company announces bankruptcy, employees usually lose their jobs and benefits. But what happens to former employees who were promised pensions or other benefits? Well, a federal judge just ruled that the Westmoreland Coal Company – one of the largest coal companies in the country – could end the health benefits for its former miners and families.1 And the decision has many retirees worried about their own health care and pensions. And rightly so.

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MCF Insights: Our Overtime is Costing Us Dearly

The relationship between work hours and productivity follows the economic law of diminishing returns. Productivity peaks at a certain point and then declines. Work too long and you get to the point where you’re achieving nothing; or are even doing damage.

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