Based firm Co-op is identical to benefit issues Control Panel.
Farmland Industries agreed Tuesday the creation of a committee representing 2500 employees and retirees on issues such as whether their company life insurance is survival, its bankruptcy.
The agreement in the event of a bankruptcy court, was only part of that three former executives of farmland have been seeking a bankruptcy court motion.
A lawyer said farmland, the company would not agree, broaden their request that the Advisory Committee, as the company’s pension plan would be in bankruptcy.
Larry Frazen, Farmland, counsel for bankruptcy, said the pension plan issues to be resolved in negotiations with the Pension Benefits Guaranty Corp., a federal corporation that ensures pension plans. There is nothing that farmland could negotiate …
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