"When Hostess Brands went bankrupt in 2012, employees at Ottenberg’s Bakery, a family-owned business near Baltimore, got nervous. They shared a multi-employer pension plan with hundreds of Hostess truck drivers. If Hostess couldn’t meet its obligations, the pension fund could collapse. “If you have all these guys out on retirement and you only have Ottenberg’s paying into it, the math doesn’t add up,” says Gary League, who has delivered Ottenberg bread for almost 30 years. “I was thinking I would have to work forever.” On Feb. 18 he got good news: The Obama administration had stepped in to stabilize the fund by placing the Hostess workers into a federal government plan that picks up the payment of their benefits."

Pension Rescue Plan Is Distasteful, yet May Be Necessary - Businessweek