Honeywell Stops Offering Some Retirees Group Coverage
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Honeywell International Inc., the maker of turbochargers and plane parts, amended its U.S. retiree medical plan during the third quarter to withdraw group coverage for some retirees who are older than 65.
The change reduced the post-retirement benefit obligation by $137 million, Morris Township, New Jersey-based Honeywell said today in a regulatory filing.