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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: RealMuLan who wrote (15325)11/10/2004 12:25:18 AM
From: RealMuLan  Read Replies (2) of 116555
 
Plaintiff Cry: When Retirees
Sue an Ex-Employer

By ELLEN E. SCHULTZ
Staff Reporter of THE WALL STREET JOURNAL
November 10, 2004; Page A12

When retirees of GenCorp Inc. were told the company was going to start charging them for health insurance, despite a labor contract they say promises coverage for life, John Van Dyke thought fighting back in court was the answer. "I was sure that once the judge saw the contract, it would be over," the 76-year-old says. "How long could it take?"


So far, almost five years. What happened to the retirees shows the daunting challenges faced by the oldest Americans, union and salaried, if they go to court on their own to recover health benefits.

..
online.wsj.com
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