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NEWS ABOUT: VEBA

AT&T, Verizon Look to Ape GM/UAW Retiree Deal

Telecom next industry likely for VEBAs.

(Newser) - GM’s pact with the UAW, which cleared $50 billion in retiree health costs from the automaker’s books by launching a union-run health fund, is drawing imitators. AT&T and Verizon are both hoping to mirror the arrangement created in GM’s deal, Bloomberg reports. The telecom giants have... More »

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