CAN THEY REFILE?...."Yes they can resubmit,BUT once again they have to show a 50% or better chance of solvency which at this time they cannot. Also, their unrealistic assumption of averaging 7.50% return on investments the next 30-50 years, because of losses the last couple years, has moved up to 8-9% needed. That won't happen. Plus the contribution rate to employers would have to increase 3-4% every year.
That means the employers would have to contribute $849 per week, per man. Keep in mind the top rate they are paying now is around $348 per week per man. YRC is only paying $71 per week per man which is 25% of what they should be paying.
The employers will never pay that much. Those reasons are why Mr. Feinberg declined their application under unrealistic assumptions".....Thanks Mike Walden....KK