Benefits & Executive Compensation News

Honeywell Sued Again Over Retiree Health-Care Benefit Cuts

Nov. 8, 2017, 3:21 PM

Honeywell International Inc. is accused of violating federal benefits and labor laws by allegedly breaking its promise to pay for the health care of more than 300 Minnesota employees who took early retirement.

A Honeywell pension plan and two collective bargaining agreements allegedly entitle the retirees to company-paid health care beginning when they took early retirement and continuing until they and their surviving spouses reach age 65, according to a lawsuit filed Nov. 7 in the U.S. District Court for the District of Minnesota (Pacheco v. Honeywell Int’l, Inc., D. Minn., No. 0:17-cv-05048, complaint filed 11/7/17).

The lawsuit...

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