GE's changes are in line with those at several other companies, including Time Warner, IBM and Walgreens, who began shifting retirees to insurance exchanges after the 2010 passage of Obamacare.
Local General Electric retirees were informed last week that their current health coverage will expire at the end of the year and they must now shop for a new plan on a private health exchange.
Starting Jan. 1, hourly production retirees who turn 65 by the start of 2018 will be cut off from GE's traditional retiree health plan and, instead, reimbursed about $1,000 a year on the cost of ...
The 2012 letter informed salaried retirees and employees that if they would not reach age 65 by Jan. 1, 2015, they and their spouses would no longer be eligible for GE health coverage. Kauffman ...
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Industrial conglomerate General Electric Co and defense contractor L3Harris Technologies Inc are among those competing to ...
In his retirement, Welch lamented his decision to appoint Immelt CEO, and blamed Immelt for ruining his legacy. But if GE’s demise was inevitable, Immelt’s ham-fisted leadership may have only ...
General Electric Co. undefined said Wednesday that its board of directors has approved the previously announced spin-off of GE HealthCare, its health ...
A leading philanthropist hopes "New Schenectady" will catch on with the ...
The Goodyear Tire & Rubber Co. has elected former Boeing executive Norma Clayton to its board of directors. Clayton retired ...
Walmart Inc. When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have ...