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PageMonday, February 12, 2007
When it comes to preparing for retirement, there are few guarantees any longer. Just ask new retirees of Hanesbrands Inc. under the age of 65.On Feb. 1, Hanesbrands cut its payment to retirees' health-insurance premiums from an average of 62 percent to no more than 35 percent. It will end its contributions completely Dec. 1 but will persist to provide access to the group rate for retirees who can pay the full cost of the premium.
Some pre-65 retirees told the Winston-Salem Journal that they have left from paying $60 to $130 a month to more than $450. When the subsidy ends, they said, their premiums will increase to more than $750 a month. For a retiree carrying a spouse on his or her strategy, the cost could top $1,200 a month.
Some pre-65 retirees told the Winston-Salem Journal that they have left from paying $60 to $130 a month to more than $450. When the subsidy ends, they said, their premiums will increase to more than $750 a month. For a retiree carrying a spouse on his or her strategy, the cost could top $1,200 a month.
posted by renaa
@ 1:27 PM
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