We spent time talking to retirees who showed up to the first of the day's meetings. As they prepare to lose health care and other benefits, there are lots of questions. Hundreds of retirees showed up to the day's morning meeting at Theatre on the Ridge. Many have been preparing to lose their benefits that expire December 31st. This was the first chance to talk with Kodak and that court-appointed retiree committee. Many want to know if they can use some of their funds to pay for those COBRA benefits while others want to know if they should be switching health insurance providers.
We learned that the $650 million in settlement funds will likely go to pay for survivor benefits that will set to end and help offset COBRA costs for some.