Bailing out the FEG : is the Fair Entitlements Guarantee (formerly GEERS) approaching its own fiscal cliff?
- Publication Type:
- Journal Article
- Insolvency Law Bulletin, 2013, 13 pp. 153 - 158
- Issue Date:
|Bailing out the FEG is the Fair Entitlements Guarantee (formerly GEERS) approaching its own fiscal cliff — (2013) 13(7) INSLB 153.pdf||Published Version||106.71 kB|
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This article discusses what recent statistics and public reports reveal about the funding of GEERS (now the FEG) and its bottom line. The article examines (1) whether there has been a “blowout” in the scheme which guarantees the recovery of employee entitlements in liquidations and (2) what might be done to put the scheme on a firmer fiscal footing.
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