Wednesday, March 26, 2008

High Court Okays Federal Rule on Cutting Health Benefits

( - The Supreme Court has declined to hear an appeal of a federal policy that allows employers to reduce their health insurance expenses for retired workers once they turn 65 and qualify for Medicare. The court turned down an appeal from the AARP, which wanted to reverse a rule allowing employers to reduce medical benefits for retirees depending on their age. On July 14, 2003, the Equal Employment Opportunity Commission (EEOC) proposed to exempt "the practice of altering, reducing or eliminating employer-sponsored retiree health benefits when retirees become eligible for Medicare or a State-sponsored retiree health benefits program" from the Age Discrimination in Employment Act...
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