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Throughout the years, employers have been offering post-retirement welfare benefits to their employees. Today, spurred on by the abruptly rising cost of health care and life insurance, particularly for the elderly, employers are looking for ways to cut back on their retiree welfare benefits. Such cutbacks take the form of providing less expensive types of coverage, requiring retirees to pay a larger share of the cost or eliminating retiree coverage altogether, says Stanley D. Baum.
July 15, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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