Labor & Economic News Blog

Wednesday, October 18, 2006

Delta seeking OK for retiree health cuts

Delta seeking OK for retiree health cuts
Delta Air Lines plans to present its case Thursday in bankruptcy court for an overhaul of retirees' health benefits that would save the company $50 million a year but result in steeper premiums for many retirees. The changes would take effect Jan. 1 if Delta's bankruptcy judge approves them following a hearing in New York. A group of retired pilots headed by a former union chairman, William Buergey, has objected to the changes. In a court filing last week, the group said the proposed benefit reductions, coming on top of Delta's planned terminations of the pilots' pension plan, is "unduly harsh' and unfairly targets retired pilots.

 



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