The Supreme Court has once again found that retiree benefits are not vested. So the employer can promise but… Actually, the Court simply clarified the need for clarity. In the absence of specific language that vests retiree health benefits, the retirees may no longer assume that silence or ambiguity allows a lifetime contract. Instead, the contract itself must state the case. Seems simple, but this has been kicking around, even though the Supreme Court said the same thing in 2015. Now it will show the unions that what they want needs to be negotiated and then put in writing (we will call this the “common sense” doctrine)
Are retirees given any guarantees? The issue keeps going back and forth
June 4, 2018
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