Media: Copley screws over Peoria Journal Star retirees
Posted in Uncategorized with tags Copley, GateHouse, Peoria Journal Star on March 18, 2009 by Billy DennisFrom the San Diego Reader:
Copley Newspapers today (March 17) announced deep cuts in health care coverage for retirees. In trying to lure certain employees to take buyout offerings the last several years, the company had promised to pay 75 percent of medical coverage until the employee was eligible for Medicare. This will end March 31– giving these retirees only two weeks to plan. The company will cover 75 percent of the costs of COBRA, or temporary insurance, until the end of the year in most cases. COBRA permits employees leaving a company to continue group coverage, usually for a short period.
