Labor & Economic News Blog

Thursday, October 19, 2006

Delta's judge approves retiree health care cutbacks

Delta's judge approves retiree health care cutbacks
Delta Air Lines' bankruptcy judge approved an overhaul of the carrier's retiree medical benefits following a hearing Thursday in New York, a spokesman for the Atlanta airline said. The Atlanta airline, which reached deals earlier this month with two court-appointed committees representing retirees, said the changes will save the company $50 million a year. Most retirees will see steeper premiums as a result, and most retirees over 65 will be removed from Delta's self-insured plan. The airline and representatives from the retirees groups said those retirees will be offered an outside plan and will receive monthly subsidies of $50 to $80.

 



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