Page 30 - FlipBook BACK FROM SARAN - MAY 5 2020 - Don't Make Me Say I Told You So_6.14x9.21_v9_Neat

16 Don’t Make Me Say I Told You So

Summary

► Fewer and fewer companies are offering health benefits
to retirees.

► Even existing health and medical benefits are at risk.

► Retirees already receiving medical benefits can have
those benefits cut or terminated at any time.

1 Hewitt Associates. “The Retiree Health Care Challenge.” TIAA-CREF Institute,

November 2006. http://www.tiaacrefinstitute.org/ucm/groups/content/@
ap_ucm_p_tcp_docs/documents/documen t/tiaa02029356.pdf

2 David G. Savage. “Justices Allow Cuts to Retiree Benefits.” Los Angeles
Times, March 25, 2008. http://articles.latimes.com/2008/mar/25/nation/
na-scotus25/2

3 Mike Spector. “Chapter 11 Benefits Battles Gets Fierce.” The Wall Street
Journal, August 12, 2010. http://online.wsj.com/article/SB1000142405274
8704268004575417520408879834.html

Chapter 1: The New Retirement