Retirees | Who gets what
Delphi Corp. retirees fall into these tiers for health care benefits:
Salaried active employees and retirees hired before 1993 currently receive health insurance until age 65, when they become eligible for Medicare. Once they are eligible for Medicare, Delphi makes available retiree health reimbursement accounts that can be used to purchase supplemental insurance. Delphi is asking the judge to cancel both the health insurance and supplemental benefits.
Workers hired between 1993 and 2000 are not eligible for Delphi-paid health insurance benefits in retirement, but 1 percent of their salary is contributed to a savings program that they can use to pay for health care. Delphi is asking the judge to cancel the contribution.
Salaried workers hired after 2000 don’t receive any kind of health care benefits after they retire, but they can buy health insurance through the company if they pay the total cost. Delphi isn’t asking for any changes for those workers.
Source: Associated Press