Disallow private equity or LBO firms to raid pension funds then file for bankruptcy. Pensions should go to the workers.

When private equity and leveraged buyout firms take over a company, it seems one of the first actions is to take the pension fund away from the workers and retirees who depend on the fund being there in their old age. All too often, private equity firms take this money, file for bankruptcy then put the cost of pension funding on the backs of taxpayers. Why is this legal? If you sign this petition, you agree that pensions should be paid out to workers and retirees rather than taken by partners and shareholders in private equity or leveraged buyout firms.