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So how long, do you think it will take to settle this lawsuit, and do they have survival benefits for their spouses?Looks like the Retirees who jumped ship prior to the cutoff date can breath a final sigh of relief.
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Someone tell Ed. Koziatek that the prefund match is about to be sealed shut.
Is been sealed shut for a long time, decades. That's why it was so hard to get into and needed the BK court to dissolve the Trust.
So how long, do you think it will take to settle this lawsuit, and do they have survival benefits for their spouses?
Dang Weazzz you mean the TWU lawyers spent some money to help their retired members. Man you better not tell Swampy or Hacky!Not a lawsuit. The Company is actually surrendering any claim at trying to take Retiree Medical from those who left prior to the Bankruptcy cuts taking effect.
It’s a big win for the Blue Collar worker in this case.
The money in the Trust can only be used for the stated purpose of the Trust which is to pay for the retiree medical for early retiree's which left before the changes in the coverage.
If there is any money left after all the recipients have gone through their eligibility the TWU and Company would need to get together to figure out what to do.
Dang Weazzz you mean the TWU lawyers spent some money to help their retired members. Man you better not tell Swampy or Hacky!