[blau993]

The union retirees have contract protection for their highly subsidized plans. The companies would have to re-negotiate those contracts to drop them entirely or reduce their benefits.

Non-union retirees get their coverage under corporate benefit plans, which are non-contractual. The retirees who have to worry the most are those whose former employers subsidize their coverage. Those subsidies are likely to disappear. The company may then still offer the coverage, but the retiree will pay full freight.

[Myrddin]

The union retirees have contract protection for their highly subsidized plans.

Contracts? Ask the bond holders of GM what a contract is worth. Ask the GM and Chrysler dealers. The Obama commies will ignore any contract that gets in the way of their agenda.