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February 6

Retiree Benefits to End

Posted by admin
Filed under Health Insurance | 2 Comments

Delphi Corp., a Michigan based parts supplier has made the request of a bankruptcy court judge to cancel health and life insurance benefits for its current and future salaried retirees. Another victim of the economic downturn, the automobile parts manufacturer would stand to save roughly $70 million a year by eliminating these benefits and reduce its liabilities by $1.1 billion. The company filed for bankruptcy last October and has been working to recover. If the request is granted, it could very well save the compaby, but what will all of its retirees who currently count on their benefits be forced to do? What position will they be left in?

This entry was posted on Friday, February 6th, 2009 at 12:53 pm and is filed under Health Insurance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “Retiree Benefits to End”

  1. Bob on February 15th, 2009 at 6:17 pm

    I am not sure I totally agree with Benefits to End | Health Insurance Blog | Please Comment On Health Insurance Issues

  2. Brad on February 18th, 2009 at 6:20 pm

    Hello You did a great job with this blog. I loved Benefits to End | Health Insurance Blog | Please Comment On Health Insurance Issues

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