CAT Says It Will Appeal Health Insurance Decision

Tools

By Mike Dimmick

Story Published: Sep 17, 2008 at 5:25 PM CDT

Story Updated: Sep 17, 2008 at 8:07 PM CDT

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 6:42 AM Bob wrote ...

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

Wednesday, Sep 17 at 9:37 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 8:17 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...

Add a comment

Name:

Comment: 1000 Characters Left

WEEK News 25 - and its affiliated companies are not responsible for the content of comments posted or for anything arising out of use of the above comments or other interaction among the users. We reserve the right to screen, refuse to post, remove or edit user-generated content at any time and for any or no reason in our absolute and sole discretion without prior notice, although we have no duty to do so or to monitor any Public Forum.

More Good Stuff

Advertisement
This content requires the latest Adobe Flash Player and a browser with JavaScript enabled. Click here for a free download of the latest Adobe Flash Player.

Stock Quotes

What's On TonightFull Schedule

Local Business Dir