THE BUYER PAID SEVENTEEN MILLION. THE PENSION FUND OWED THREE HUNDRED. THE CORPORATION CALLED IT A FAIR DEAL.
On May 17, 2013, a letter from the Pension Benefit Guaranty Corporation informed retirees of a recalculated pension, slashing their payments from eighteen hundred dollars to eleven hundred thirty-four. This reduction impacted former employees of Maple Diner Corporation, which had filed for bankruptcy in 2011, leaving them facing a significant pension shortfall.
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