On 4/11/2016 9:13 AM, Ed Pawlowski wrote:

>
> They do not have a "right", but like other benefits, it is just part of
> the compensation plan. An expensive one getting more expensive as
> people live longer.

It's a contract, a legally binding instrument - period.

> I know of one person that took an offered early retirement from his
> company about 12 years ago. Part of the deal was insurance for life. He
> has no idea where he stands in the future as the company in in
> bankruptcy proceeding and will have a new owner.
>
> Nice benefit, but not always sustainable.

Bankruptcy changes everything, regardless.

But it is an enforceable contract.