Supermarket Chain Ending Some Retiree Health Benefits
Raley's supermarket chain will stop offering health care coverage to retired hourly employees ages 65 and older beginning in July 2012. In a letter to retirees, Raley's President and CEO Michael Teel said the chain is finding it difficult to maintain profitability while dealing with the economic downturn and increasing health care costs. Jerry Landers, Raley's senior director of human resources, said the chain still will provide medical benefits for retirees younger than age 65.
- "Raley's To Halt Health Coverage for Some Retirees 65-Plus" (Smith, Sacramento Bee, 11/5).