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News For: medicare Supplement Coverage Professional BenefitsWhat Happens to Your Benefits After Bankruptcy It can be difficult getting answers to questions about the fate of benefits -- such as pensions, 401s and health insurance -- right after a company goes bust. Xerium freezes defined benefit plan YOUNGSVILLE, N.C.—Xerium Technologies Inc., a manufacturer of products used in the production of paper, is freezing its defined benefit pension plan for U.S. salaried and non-union hourly employees, enhancing its 401k plan and terminating its retiree health care benefits plan. |