A lawsuit against General Electric is being closely watched in boardrooms around America, as the company defends its decision to shut down its retiree health care plan.
In 2012, GE announced to its some of its retirees that they would no longer be part of its GE Medicare Benefits Plan. In 2014, the entire plan was scrapped. Instead, the conglomerate would give them a thousand dollars each year, with which they could purchase coverage through Towers Watson – a private health exchange plan.
But according to Tom Geoghegan, the attorney for the plaintiffs, earlier in 2012, GE had issued a key promise.
“GE in its summary plan description repeatedly said that it both expected and intended to continue the benefits, as described in those handbooks, indefinitely,” Geoghegan told WNPR. His clients are two former GE workers in Milwaukee, Dennis Rocheleau and Evelyn Kaufman.
Read the complete article at WNPR/Connecticut Public Radio.