Caption: Sanders, Fred ConfectionarySanders' pension debt is a stiThe $9 million that is owed to the Fred Sanders Co. employees pension plan may have to be absorbed by other companies.The Fred Sanders Co. bankruptcy might be expected to bring cheers to its compettors.At issue is the multi-employey pension plan.Next week, a group of investors will ask for court approval to buy the 108-yr old Sanders business and take it out of bankruptcy.All the participating companies have withdrawn from the plan 1981, but must keep making payments so vested employees can keep getting their pensions.Detroit Free Press Photo1979 NOV 28 PM 12:38.
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