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Sears bankruptcy and their retirees’ pension plan – Enquête

Sears retirees may soon lose a big part of their pensions. That’s because company executives invested only minimal amounts in their employees’ pension funds over much of the last decade. But those executives followed the rules, and even acted with government support, at the same time that they distributed billions of dollars to their company’s shareholders. The story of the Sears bankruptcy sheds light on the murky world of corporations and their pension funds revealing how pools of money that are thought to be fully protected, can quickly evaporate with workers potentially losing hundreds of millions of dollars.

Enquête is Radio-Canada’s flagship weekly current affairs program. The show uncovers corruption, crime, and abuse of power in Quebec and Canada

Producer : Gil Shochat
Journalists : Sylvie Fournier, Madeleine Roy
Caméramen: Jean-Pierre Gandin,Richard Marion, Laurent Racine
Sound: Martin R.Thibault
Editors: Charles Bergeron, Sébastien Huot, Bernard Lapointe, Étienne St-Amour ​

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