Alcoa Retirees Forfeited Limitless Benefits, 6th Circ. Says

Law360, Los Angeles (May 9, 2013, 7:38 PM EDT) -- The Sixth Circuit on Thursday rejected a group of retirees' Employee Retirement Income Security Act class action against Alcoa Inc., arguing that they negotiated away previously promised uncapped lifetime health care benefits with their union-approved contracts.

The class members, which included employees who retired between June 1993 and June 2006, said their contract with the company included language suggesting that their limitless health care coverage was vested before they finished working for the company. But a three-judge panel disagreed Thursday, ruling that a Tennessee federal court...
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