Kodak asks court to end retiree medical benefits - Yahoo! Finance
ROCHESTER, N.Y. (AP) -- Eastman Kodak Co. said Wednesday it has asked
a bankruptcy court judge to allow it to end retiree medical and some
other benefits at the end of the year as part of its restructuring.
The company said it reached an agreement with the court-appointed
committee of retirees to pay a total of almost $660 million into a fund
that could be used for future payments in exchange for eliminating its
current $1.2 billion liability for medical, dental, life insurance and
survivor income benefits.
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