Court rulings let Honeywell dump retiree health coverage
One of the rulings was issued last week by a judge in
In 2011, the
A similar suit was filed in
Honeywell last year pledged to appeal Rice's ruling to the
The plaintiffs in the
Honeywell argued that there was an absence of "clear vesting language" requiring lifetime health benefits.
It argued that the "absence of any clear vesting language is particularly significant because the (collective bargaining agreements) contained express vesting language regarding other benefits, including pension benefits, which demonstrates that the parties knew how to expressly vest benefits and did not do so with respect to healthcare benefit contributions."
U.S. District Judge
A message seeking comment was sent to a representative of Honeywell Monday.
Honeywell operated a
The plant at
___
(c)2018 the Dayton Daily News (Dayton, Ohio)
Visit the Dayton Daily News (Dayton, Ohio) at www.daytondailynews.com
Distributed by Tribune Content Agency, LLC.
Nuclear Decommissioning Services Market – Escalating Adoption 2025
Unum profits up, but long-term care reserves may have to be adjusted
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News