"The Act would: [1] Require employers to include in their SPDs whether the employer may unilaterally modify or terminate benefits. If the employer's rights are not clearly communicated to employees, there will be a presumption that benefits have 'fully vested and cannot be modified or terminated for the life of the employee or, if longer, the life of the employee's spouse.' ... [2] Make it an 'unfair labor practice' to change the terms of a CBA that governs retired employees' benefits. [3] Only allow reductions in benefits that are "necessary to prevent the liquidation of the debtor.'"  MORE >>