Cuts in Retiree Health Coverage at Whirlpool: Another Scary Story for Baby Boomers Nearing Retirement
I mentioned a few weeks ago my concern about the trend of companies to cut retiree health coverage, forcing retirees to pay a higher portion of the costs or drastically slashing the coverage. Now another example:
Maytag has been a big employer in Iowa. They were bought in 2005 by Whirlpool and the new company wants to cut retiree health benefits. In fact, Whirlpool is suing to be allowed to change (read “cut”) the retiree health plan. This article is particularly disturbing because it involves a union. I had always thought that having a union meant …read more