Congress approves plan to allow pension cuts

Money Moves CNN Money 12/12/2014

More than a million retired and current truck drivers, construction workers and other union workers could see their pension benefits cut now that Congress passed a proposal aimed at shoring up some of the nation’s biggest pensions.

Tacked on as an amendment to the government’s $1.1 trillion spending bill, the […]

IBM Will Move Retirees Off Company-Sponsored Health Plan

Dr. Susan Berry Big Government 7 Sep 2013

IBM has announced that it plans to move about 110,000 retirees off its company health insurance plan and offer a payment to purchase coverage on a private health insurance exchange instead…

…According to the WSJ, the decision will affect all IBM retirees once they become eligible […]

Think tank recommends big benefits cuts for military

Rick Maze Air Force Times 11/1/2012

A new report by a liberal-leaning think tank recommends a dramatic overhaul of military pay, retirement and health care benefits as part of a $1 trillion cut in defense spending over 10 years.

The Center for American Progress calls for capping pay raises, eliminating military health benefits for many […]

3M reads the new ObamaCare law…

3M to dump retirees from medical coverage

Ed Morrissey 10/5/2010

Remember when Barack Obama repeatedly promised that no one’s current coverage would have to change if Congress approved the health-care overhaul he demanded? When the ObamaCare bill passed, the Associated Press suddenly discovered that the change of tax law that would supposedly generate billions […]

Why Waxman really canceled his health care ‘show trial’

Jonathan Strong The Daily Caller 4/28/2010

Immediately after President Obama signed his health-care bill into law, several large companies disclosed to investors just how big the tax hit from it would be. AT&T, for instance, said that the law’s tax increases alone would cost the company $1 billion.

Key committee chairman Rep. Henry Waxman, California […]

NYT confirms what Americans already knew: Obamacare will cost companies billions

Inquiry Says Health Care Charges Were Proper

Robert Pear New York Times 4/26/2010

WASHINGTON — When major companies declared that a provision of the new health care law would hurt earnings, Democrats were skeptical. But after investigating, House Democrats have concluded that the companies were right to tell investors and the government about the expected […]