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New Standards for Vesting of Retiree Medical Benefits in Collective Bargaining Agreements (PDF)
Alston & Bird LLPLink to more items from this source
Feb. 3, 2015

"Taken together, these principles of construction provide a framework under which the typical CBA will not result in vesting. The vast majority of CBAs contain general limits on duration, but very few directly address vesting of retiree medical benefits. If vesting is not to be inferred lightly, and if ambiguous writings should not create lifetime promises, then it would seem that most CBAs should not result in vesting." [M&G Polymers USA, LLC v. Tackett, No. 13-1010 (U.S. Jan. 26, 2015)]

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