Time Warner Screws Retirees
It is a bad day for those on retirement via Time Warner.
The company has officially decided to remove retired workers from the health plan.
However, Time Warner is prepped to provide money for said retirees to purchase coverage at the start of next year due to rising costs.
This change is similar to that which IBM just transpired, as well.
This particular change will lower costs and are in line with a corporate trend which is falling away from providing traditional retiree health benefits.
So, then where are the tax dollars going exactly when employees receive that cringe-worthy percentage of earnings taken away in exchange “for retirement?”