Bankruptcy proceedings put retirees' health benefits at risk

03/18/2013 | Wall Street Journal, The

Patriot Coal has asked a bankruptcy court judge to negate a union contract that guarantees retirement benefits for about 10,000 retirees and their 13,000 dependents. Some retirees say they wouldn't be able to afford health care if the judge grants the request. "If our benefits were cut off, we wouldn't last long," retiree Clifton Tennant said.

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