Qwest, retirees battle over life insurance

A group of Qwest Communications retirees who sued the company over dwindling life insurance benefits and were poised to expand their suit into a class action, now say Qwest is threatening to end their benefits. Qwest said in a recent legal filing regarding the case that a class action lawsuit could wipe out benefits for all retirees, a statement the retirees contend amounts to a threat.

The lawsuit originated from the Association of U.S. West Retirees in 2006, and contained the names of just seven plaintiffs. They protested Qwest's reduction of life insurance benefits to a minimum of $10,000, from what had been a $20,000 minimum for survivors of those who retired before 1996 and $30,000 for survivors of those who retired later.

As retirement benefits have begun to weigh economically on many U.S. corporations, such lawsuits and battles between retirees and their former employers have become increasingly common.

For more:
- read this story at The Denver Post

Suggested Articles

Chris Young is leaving his role as CEO of cybersecurity firm McAfee to become a senior advisor with TPG Capital, which has a majority stake in McAfee.

CenturyLink wins a $1.6 billion contract with the U.S. Department of Interior to upgrade its network services and modernize its IT solutions.

Microsoft announced that it is committing to becoming carbon negative by 2030 and that it will eliminate all past carbon emissions by 2050.