Tuesday, October 05, 2010

Wider ERRP


Health reform's Early Retiree Reinsurance Program added more participants.  As of October 1, 2010 the following companies will receive reimbursement for retiree claims:


Aetna
Alston & Bird
AIG
Allstate Insurance
AON
Applied Materials
Bank of America
Bank of New York Mellon
Cadillac Rubber & Plastics
Chevron Mining Inc.
Chrysler Corp
Chrysler Financial Services
CIGNA
CIT
Coca Cola Enterprises
Continental Airlines
General Re
International Bank for Reconstruction & Development
JP Morgan
LearJet
Lockheed Martin
Mercedes Benz
Northern Trust
PGA Tour
Saudi Arabian Oil Company
URS
Vinson & Elkins
Blue Cross/Blue Shield plans in five states (AK,AL, AZ, NC, NE)

More taxpayer help for companies with $2 trillion in cash on their balance sheet.  It should be a banner year for Executive Incentive Pay.

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