"Employers who have a desire (or perhaps a need) to cut benefit costs should feel somewhat more secure, and possibly inspired, to undertake a legal review of their retiree benefit programs and re-evaluate whether they can amend, modify or terminate those programs. In the more recent past, it has been a best practice for employers to reserve an express contract right to amend, modify or terminate retiree benefits at any time and for any reason. Employers that have done so should have a clear path when altering retiree benefits." [M&G Polymers USA, LLC v. Tackett, No. 13-1010 (U.S. Jan. 26, 2015)]  MORE >>