Ruby Tuesday halts retirees' pension payments during pandemic - Business Insider

In August, retiree Mark Potter suddenly stopped receiving his pension payments from Ruby Tuesday.

On September 28, Regions filed a lawsuit against Ruby Tuesday, asking a court to determine whether the chain's actions were legal. Holland also explained that if one company filed for bankruptcy, the other companies assume responsibility for its portion of the pension payments. For example, when Piccadilly, Ruby Tuesday and Morrison's Healthcare split Piccadilly's share of the payments.

However, the original agreement between Regions Bank and Ruby Tuesday stated the chain had to declare insolvency before pension payments could be stopped. So Regions Bank filed a lawsuit on September 28 in Alabama's Northern District Court against Ruby Tuesday, asking the court to determine whether Ruby Tuesday was legally able to ask the the bank to suspend payments before declaring insolvency.

That brings no comfort to Potter and his former coworkers, who must survive now on just a portion of their pension as they wait for Ruby Tuesday to dig itself out of insolvency and resume payments — or declare bankruptcy.

Without JESUS there is no Hope and Forgiveness of Sin. 예수님이 없이는 소망도 죄의 용서도 없습니다. THE ONE WHO PROPHESIED CORONAVIRUS ON DECEMBER 1ST, 2015 AND RAVAGING LOCUSTS PLAGUE LIVE ON JESUS IS LORD RADIO WednesdayGrandService

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Inside MatPat's Game Theory YouTube strategy and business: interview - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »

Inside Donald Trump's 8 properties, from New York to St. Martin - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Damn I want to be like Trump!! Owns or owes on? Trump 10 yıldır hiç vergi ödemedi
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »

Photos: Take a look inside John Legend and Chrissy Teigen's new home - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Cheap compared to Jeff Bezos’ house. Or the 1bil$ House in India :3 And on the same day John went on TV to announce that people should move out of America because orange man bad.
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »

Sheryl Sandberg On Facebook’s Role In Small Business Support And Voter Registration During The PandemicAt Forbes’ first Small Business Summit held virtually on Friday, COO Sheryl Sandberg discussed how Facebook has “doubled down” on product launches for small businesses and how Congress can do more to help them survive coronavirus. Facebook = Digital Cocaine. Congrats POTUS Trump on your 3rd Nobel Peace Prize Nomination ........ you deserve it. 👍 Unlike CROOKED BarackObama 🤬
Источник: Forbes - 🏆 394. / 53 Прочитайте больше »