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Brief
The Retiree Benefits Bankruptcy Protection Act of 1988 is a law that aims to improve the treatment of claims for certain retiree benefits of former employees. The Act amends chapter 11 of title 11 of the United States Code to ensure that retirees receive their benefits in bankruptcy cases. It requires debtors to timely pay and not modify retiree benefits, except in certain circumstances where modification is necessary for reorganization and fairness to all parties involved. The law also establishes a process for modifying retiree benefits if the trustee proposes modifications that meet specific standards and are fair to all parties.
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