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Sixth Circuit Rules Employer Entitled To Make 'Reasonable Modifications' to Retiree Health Care Benefits Despite Vesting
Wolters Kluwer Law & Business Oct. 5, 2012 "The Sixth Circuit majority concluded that whatever else vesting in the health care context means, it does not mean that beneficiaries receive a bundle of services fixed once and for all.... Unlike pension obligations, health care benefits cannot readily be monetized at retirement, explained the court. Thus, vesting in the context of health care benefits provides an evolving, not a fixed, benefit." [Reese v. CNH America, LLC (Nos. 11-1359, 11-1857 and 11-1969, Sept. 13, 2012)] |
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