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Court holds that retirement medical benefits were "vested" but according to 2007 CBA

When retirees of M & G Polymers USA sued to maintain their retirement medical coverage, the Sixtgh Circuit held that pre-2005 retirees were fully vested. It also held, however, that pre-2007 retirees were bound by the changes effected in that Collective Bargaining Agreement, because the modest increases in deductibles and co-pays were "reasonable." The Court pointed out that unlike pension benefits, retiree health benefits vest automatically and out-live a CBA only if the language of the parties' agreement documents that intention.
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