Kodak Seeks To Slash Benefits For Some Retirees

Law360, New York (February 27, 2012, 6:40 PM EST) -- Eastman Kodak Co. on Monday asked a New York bankruptcy judge to let it terminate medical benefits for Medicare-eligible individuals who have retired from the company since Oct. 1, 1991, saying it would save $13.7 million for the 2012 fiscal year.

As part of its restructuring efforts, Kodak said it has to reduce the more than $1.2 billion in liabilities on its books for retiree medical and survivor benefits. The photography equipment giant provides retiree medical, dental, life insurance and survivor income benefits to about 56,000...
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