FOR IMMEDIATE RELEASE
For Information Contact:
A. J. (Jim) Norby J.J. Hummon
218-863-8116 (Phone #)
Retiree Network Deplores Benefit Cutbacks
For Daimler Chrysler Over Age 65 Retirees
Benefits to be Terminated December 31
(WASHINGTON, D.C., June 21, 2006) – The latest case of a U.S. company breaking its promises to former employees who are now retired has been labeled “deplorable” by A. J. “Jim” Norby, president of the National Retiree Legislative Network (NRLN).
“Retirees of Daimler Chrysler who are over the age of 65 and eligible for Medicare have been notified that they will be removed completely from the company’s umbrella of health care benefits effective December 31, 2006,” according to Norby. “However, Daimler Chrysler active employees, retirees under the age of 65, and all union contract employees and retirees will remain with company provided benefits, although their premium sharing, deductibles and co-pays will be increased.”
In lieu of Daimler Chrysler providing benefits directly to over age 65 retirees, it will provide them with an annual “Health Care Retirement Account” of $1,750 with which retirees must try to replace their health care benefits directly with outside insurance providers. In addition, the company is dropping the over age 65 retirees from the company provided prescription drug program and requiring them to sign up for the inferior Medicare Part D prescription drug program.
“This type of announcement by American companies is becoming all too familiar for America’s retirees, which is why the NRLN continues to focus on a legislative strategy that would prevent such outrageous action by companies like Daimler Chrysler,” Norby said.
The more than 2 million members of the NRLN support health care reforms that provide coverage for more Americans at more reasonable costs, Norby emphasized. “Corporations such as Daimler Chrysler are leaving their older workers who are more prone to serious health problems without adequate health care benefits to meet their needs,” Norby said.
“As long as we have retirees who refuse to take this abuse and who are willing to write and talk to their elected officials and vote for candidates who support their issues, we will not sit still and allow these types of actions to go unchallenged,” Norby concluded.
Based in Washington, D.C., NRLN is dedicated to securing federal legislation that will guarantee the fair and equitable treatment of retirees in private and public sector health and pension programs. NRLN represents a non-partisan, grass roots coalition of retiree associations with a combined membership of more than 2 million men and women who are seeking to protect their pension and health care benefits. For more information, visit the NRLN Web site at www.nrln.org.