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Topic: Some US employers clawing back retiree benefits
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Agent 204
rabble-rouser
Babbler # 4668
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posted 10 November 2004 04:40 PM
quote:
When a deputy sheriff came to his door with a court summons, George Kneifel, a retiree in Union Mills, Ind., was mystified. His former employer was suing him.The employer, beverage-can maker Rexam Inc., had agreed in labor contracts to provide retirees with health-care coverage. But now the company was asking a federal judge to rule that it could reduce or eliminate the benefit. Many companies have already cut back company-paid health-care coverage for retirees from their salaried staffs. But until recently, employers generally were barred from touching unionized retirees' benefits because they are spelled out in labor contracts. Now, some are taking aggressive steps to pare those benefits as well, including going to court. In the past two years, employers have sued union retirees across the country. In the suits, they ask judges to rule that no matter what labor contracts say, they have a right to change the benefits. Some companies also argue that contract references to "lifetime" coverage don't mean the lifetime of the retirees, but the life of the labor contract. Since the contracts expired many years ago, the promises, they say, have expired too.
Fucking bastards.
From: home of the Guess Who | Registered: Nov 2003
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Fidel
rabble-rouser
Babbler # 5594
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posted 17 November 2004 08:00 PM
quote: Originally posted by Puetski Murder: You gotta love the U.S. If they're not winning the war du jour, they declare a domestic war on inefficiency or similar junk. Good thing they're reducing retirement benefits. They were almost on the brink of something terrible - like a welfare state.
Ya, make that "corporate" welfare state. With "capitalism" (or socialism for the rich and free enterprise for the working poor), profits and worker desperation are maximized while more and more wealth is concentrated in the hands of a few. They're chiselling away at rights we've had to fight tooth and nail for ever since the phrase, "Let'em eat cake", was rewarded with the slice. "...When I behold a factious band agree To call it freedom when themselves are free; Each wanton judge new penal statutes draw, Laws grind the poor, and rich men rule the law; The wealth of climes, where savage nations roam, Pillaged from slave to purchase slaves at home; ..." - Oliver Goldsmith [ Message edited by: Fidel ...because I cant spe;l worth a damn. Ok? ... [ 17 November 2004: Message edited by: Fidel ]
From: Viva La Revolución | Registered: Apr 2004
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