AT&T Slashed Promised Life Insurance for Former Workers - and Time Runs Out at Year-End
When Dean Allison left his job as a property manager at AT&T in 1998, the company offered an incentive to retire: a payment of at least $63,000 upon his death.
He took the deal, figuring the money would someday help his wife cover funeral expenses, pay outstanding bills and have more to live on.
Early in 2021, AT&T told Mr. Allison it would pay no more than $15,000 if he dies after Dec. 31.
AT&T's decision to cut life insurance and death benefits as of Jan. 1 for many of the 220,000 retirees eligible for the benefits has roiled a generation of workers who say their former employer is reneging on a promise. ======== rest (URL should get past paywall [a]):
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