If you are over 65, officially retired, but perhaps still working a few hours a week at a Raley\u2019s supermarket, then you may be in for a bit of a shock. It seems that the company has decided to stop paying for health coverage. The changes apply to its hourly rated workers, although if you are over 65 this is the likeliest group to work such hours.<\/p>\n
It won\u2019t happen immediately apparently. Instead it comes into effect in July 2012. So presumably, it gives older workers a chance to sort something out before then.<\/p>\n
The news was sent to employees via a letter. The chairman of the company said: “Unfortunately, due to the economic downturn and increased competition we are struggling to sustain our business. We have \u2026 determined that [the company] can no longer cover the cost of this benefit.”<\/p>\n
While the company declined to give an official statement to the press, Jerry Landers, its senior director of human resources said: “We are continuing to provide generous medical coverage for our retirees under the age of 65, which is the most expensive time for individuals to purchase their own plans.”<\/p>\n
However, the news has not been welcomed by retirees, one of whom said: “I know retirees are going to be distraught by this. They’ve got to be.\u201d<\/p>\n