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Coca-Cola Files to Fund Retiree Health Through Special Trust
Workforce Management; free registration required Jan. 16, 2009
Excerpt: In its official filing seeking regulatory approval, Coca-Cola Co. detailed a plan to fund retiree health care benefits through a special trust and its South Carolina-domiciled captive insurance company. Under the proposal, which Coca-Cola filed last week with the Labor Department, the company would use $187 million in assets now held in a voluntary employee beneficiary association to purchase medical stop-loss policies from Prudential Insurance Co. of America to pay claims over the expected lifetimes of about 4,000 retirees and dependents.
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