Colt Industries (now Coltec Industries) did not walk away from its responsibilities to the retirees at its Midland (Pa.) plant, as implied in your story, "Retirees, your health plans look a bit peaked" (Personal Business, Nov. 30). Three options were offered and accepted. Retirees could:
-- Receive payments from a trust that paid their benefits. In fact, a group of retirees continues to be covered under this trust.
-- Receive a lump sum payment in lieu of further medical benefits.
-- Receive enhanced pension benefits to pay for medical costs.
Michael G. Dunn
Coltec Industries Inc.