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Health Insurance / Retirement Benefits #566857

NBC Evening News for Tuesday, Feb 14, 1989
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(Studio: Tom Brokaw) Report introduced.

(NYC: Mike Jensen) Cutbacks in health insurance benefits for retirees examined. [American Forest Prods. retiree Frank QUATTROCCHI - comments on cancellation of his benefits after company was sold to Kohlberg Kravis Roberts.] Reasons why companies are canceling retirement benefits listed. [Retiree's attorney Jerome TAUBER - comments on inequity of situation.] Corporation raiders noted legally entitled to take money that would have gone to retirees' health plans. [Representative Rod CHANDLER - says benefits can only be upheld by moral obligation.] [Quattrocchi's attorney David FIELDING - comments on case.] Quattrocchi reported suing Kohlberg Kravis Roberts. [Quattrocchi's WIFE - says her husband is entitled to benefits.] [American Forest Prods. president Doug. WESTENHAVER - comments on severance payments.] Enormity of problem noted.

Brokaw, Tom;
Jensen, Mike

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