U.S. Ruling Backs Benefit Cut at 65 in Retiree Plans

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U.S. Ruling Backs Benefit Cut at 65 in Retiree Plans

By ROBERT PEAR
Published: December 27, 2007

WASHINGTON — The Equal Employment Opportunity Commission said Wednesday that employers could reduce or eliminate health benefits for retirees when they turn 65 and become eligible for Medicare.
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The policy, set forth in a new regulation, allows employers to establish two classes of retirees, with more comprehensive benefits for those under 65 and more limited benefits — or none at all — for those older.

http://www.nytimes.com/2007/12/27/washington/27retire.html?ex=1199422800&en=6ecdb630091ca54d&ei=5065&partner=MYWAY
 
The policy, set forth in a new regulation, allows employers to establish two classes of retirees, with more comprehensive benefits for those under 65 and more limited benefits — or none at all — for those older


I'm shocked, shocked I tell you, that Bush's commission would come down on the side of big business, and against american workers.
 
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