Thread regarding Sears layoffs

Sears employee life insurance will only be worth about $125.

https://www.zerohedge.com/news/2019-07-31/sears-employees-life-insurance-payments-could-amount-just-135-person-0

The life insurance plan for retirees was supposed to provide benefits between $5000 and $14,000. Instead, each person will get a $5000 unsecured claim. But once bankruptcy is finished with that claim, you will only see about 2.3% - 2.7% of that, or about $115 - $135 dollars.

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