Article: Lucent pares health care benefits for some retirees

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Lucent pares health care benefits for some retirees -- Move is expected to trim $75 million from costs By MARTHA McKAY, STAFF WRITER Date: 09-09-2003, Tuesday Section: BUSINESS Edtion: All Editions.=.Two Star B. Two Star P. One Star B

Citing slumping business and the skyrocketing cost of health care, Lucent Technologies will slash health care benefits to legions of its retirees.

The Murray Hill telecommunications equipment maker will raise premiums and no longer pay certain health care or dental costs for a group of about 50,000 mostly management retirees and their dependents, the company said Monday in a filing with the Securities and Exchange Commission. The ...

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