• Sun. Jun 23rd, 2024

Judge Rules Alcoa USA Corp. Wrongly Terminated Health and Life Insurance Benefits for Retirees, Ordering Reinstatement

BySamantha Johnson

Mar 27, 2024
Alcoa responsible for discontinuing retiree health and life insurance coverage

In two separate lawsuits, a federal judge ruled that Alcoa USA Corp. wrongly terminated health and life insurance benefits for certain retirees. The judge, Richard L. Young, stated in his orders that the collective bargaining agreement for post-1993 retirees clearly promised them life insurance benefits. This led to partial summary judgment in favor of the retirees challenging the termination of this coverage.

Judge Young also acknowledged some positive news for Alcoa, noting that 88% of the retirees seeking life insurance benefits were covered by a separate plan that was not terminated. This ruling was issued in the US District Court for the Southern District of Indiana.

The Pittsburgh-based aluminum producer is now liable for reinstating the life insurance benefits for the retirees who were wrongly denied coverage. The judge’s decision brings some relief to the affected retirees who were left without this important insurance coverage. Alcoa will need to address the consequences of wrongfully terminating the benefits and ensure that retirees receive the promised insurance coverage going forward.

By Samantha Johnson

As a dedicated content writer at newsanguinely.com, I weave words into compelling stories that captivate and inform our readers. With a passion for storytelling and a keen eye for detail, I craft engaging articles that shed light on the latest news and trends. When I'm not typing away at my keyboard, you can find me exploring new ideas, researching diverse topics, and striving to deliver content that resonates with our audience. Join me on this journey as we uncover the stories that matter most.

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