ROCHESTER, N.Y. (AP) — Some former Kodak employees are asking a judge to appoint a retiree committee to protect their benefits as the photography company reorganizes under bankruptcy protection.
The retirees say in a motion filed in U.S. Bankruptcy Court in New York that a committee is appropriate given Kodak's current proposal to end health care benefits for about 16,000 retirees who are eligible for Medicare.
In a separate motion filed Tuesday, the retirees object to the benefits change. They say altering retiree benefits would be premature in light of Kodak's plans to submit a reorganization plan early next year.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
