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Keyword: retireebenefits

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  • U.S. top court rules for employer in retiree benefits fight

    01/26/2015 9:37:12 AM PST · by cotton1706 · 32 replies
    news.yahoo.com ^ | 1/26/15 | Lawrence Hurley
    WASHINGTON (Reuters) - The U.S. Supreme Court on Monday sided with a company that amended a collective bargaining agreement to force retirees to pay toward healthcare costs, throwing out a lower-court ruling that favored the former employees who objected to the change. On a unanimous vote, the nine-member court handed a win to M&G Polymers USA, a subsidiary of Italy-based chemical company Mossi & Ghisolfi International, by sending the case back for further proceedings in the Cincinnati-based 6th U.S. Circuit Court of Appeals. Nearly 500 plaintiffs from Ohio who had worked at the M&G polyester plant in Apple Grove, West...
  • The $354 billion pension problem

    10/29/2005 8:35:05 AM PDT · by B4Ranch · 16 replies · 557+ views
    money.cnn.com ^ | October 27, 2005 | Chris Isidore
    Changes in accounting for retiree benefits could mean harder times ahead even for healthy plans. NEW YORK (CNN/Money) - General Motors' pension pain could soon spread to hundreds of other companies, even those offering relatively healthy traditional pension plans.