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Court Requires Successor Employer to Continue Retiree Health Benefits Provided by Prior Collective Bargaining Agreement
Polsinelli PC Apr. 10, 2019 "The court noted that 'unlike pension benefits under ERISA, insurance benefits, such as the benefits at issue in this case, do not automatically vest' and an employer 'may create vested welfare benefits by contract.' The defendants argued that Section 6 of the CBA limited lifetime health benefits because the phrase 'except as the Company and the Union may agree otherwise' incorporated Section 7's language permitting unilateral termination. The court disagreed, noting that Section 7 referred only to termination of the CBA, and did not apply to health benefits under Section 6." [Stone v. Signode Industrial Group, LLC, No. 17-5360 (N.D. Ill. Mar, 13, 2019)] |
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