CAT Says It Will Appeal Health Insurance Decision

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CAT Says It Will Appeal Health Insurance Decision

By Mike Dimmick

Story Published: Sep 17, 2008 at 4:25 PM CST

Story Updated: Sep 17, 2008 at 7:07 PM CST

Caterpillar says it will appeal a retiree health insurance decision.

A federal judge in Tennessee ruled that Cat must stop deducting health insurance premiums of some of its retirees and spouses.
More than 4–thousand had sued the company saying they had been promised free health care for life.

In a statement, a Caterpillar spokesperson says the company is confident the courts ultimately will recognize contract agreements with the UAW as binding on retirees and the union. And Cat says it considers its health care benefits as among the most generous in the country.

Friday, Sep 19 at 5:42 AM Bob wrote ...

You can bet the top people at cat never pay for there insurance when they retire.

Wednesday, Sep 17 at 8:37 PM BK wrote ...

APPEAL?? FIGURES..CAT HAS MILLIONS/BILLIONS OF DOLLARS AND DON'T WANT TO HELP WITH HEALTH INSURANCE TO THE RETIREES THAT MADE THEM THAT MONEY...SHAME ON YOU CAT.

Wednesday, Sep 17 at 7:17 PM Dan Martindale wrote ...

So the evil Cat loses a life. What a shame! The current Wall Street debacle is because of unbridled greed. Cat invented the term. Now if the Peoria media would stop kissing their behinds...

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