When Hostess Brands Inc. went bankrupt in 2012, it triggered anxiety among employees at Ottenberg’s Bakery, a family-owned enterprise in Maryland. The companies shared a pension plan, and if Hostess couldn’t pay its retirees, Ottenberg’s would have to pick up the tab.
Gary League, 53, who has delivered Ottenberg’s bread for almost three decades, worried he might lose his nest egg, maybe even his job.
