What will happen to earned but not commenced pensions if HW is split up and sold off?
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https://www.wndu.com/content/news/Honeywell-to-cut-retiree-health-care-coverage-for-thousands-481257231.html
anything they can defend in court, which is different than legal, and worlds different than ethical.
The fund has 12+ Billion in reserve. pensioners are leaving the program every year as they pass and HW couldn't be happier. If they can tap into that they will. Pay close attention.
Honeywell will use the giant pension plans as collateral against even bigger loans. They will take every step legal or defensible in court to avoid every single dime they promised. Basically the exact same thing they have been doing since 2007 — cancelled medical benefits, frozen values, or just no defined benefit at all.