A family member of mine has been a long-time employee of GE, and he received a letter stating that GE will no longer offer retiree life insurance and post-65 health benefits to salaried employees, effective 1/1/2015. It does not affect those who are currently retired or who will retire before 1/1/2015.
I think this is a clear message to Washington. PPACA was supposed to subsidize retiree benefits for large corporations, but one of the largest corporations in the US is dropping retiree benefits. Hint, hint, hint - they will probably drop employee benefits after 2014 too.
I think this is a clear message to Washington. PPACA was supposed to subsidize retiree benefits for large corporations, but one of the largest corporations in the US is dropping retiree benefits. Hint, hint, hint - they will probably drop employee benefits after 2014 too.
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