Xerox to cut benefits for non-union retirees [View all]
Xerox Corp. will end some company-sponsored health benefits for non-union retirees by the end of the year, according to several letters received by former workers at the document technology company.
Maria Leonardo, 61, of Perinton voluntarily retired from a three-decade stint in management at Xerox in 2015, after the company told employees that it was ending its corporate "Benefits Allowance" subsidy program for employees who retired after Dec. 31 of that year. Leonardo said she "jumped at the opportunity" to quit before December, so she would be guaranteed her subsidized health insurance.
But now, Xerox is reneging on that program. Leonardo received a letter on Oct. 3, alerting her that Xerox will end Benefits Allowance, which covers a little over half of her yearly health insurance premiums, she said.
You entice me with a carrot, I take it, and now youre telling me youre taking it away, she said.
Read more: https://www.democratandchronicle.com/story/news/2018/10/16/xerox-cut-benefits-non-union-retirees/1657590002/