Kodak retirees seek committee to protect benefits

AP News
Posted: Mar 13, 2012 5:00 PM
Kodak retirees seek committee to protect benefits

Some former Kodak employees are asking a judge to appoint a retiree committee to protect their benefits as the photography company reorganizes under bankruptcy protection.

The retirees say in a motion filed in U.S. Bankruptcy Court in New York that a committee is appropriate given Kodak's current proposal to end health care benefits for about 16,000 retirees who are eligible for Medicare.

In a separate motion filed Tuesday, the retirees object to the benefits change. They say altering retiree benefits would be premature in light of Kodak's plans to submit a reorganization plan early next year.

A hearing on the issue is scheduled for March 20.

Rochester, N.Y.-based Kodak filed for protection from creditors in January.