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• n  someone who has retired from active working

• If any of the Big Three go bankrupt, retirees could see lifetime-health-care promises vanish.
• It wants to shift retiree health care to a UAW trust, in what could be a template for underfunded states and cities.
• Which has turned up the pressure on retiree benefits.

• retired person

News & Articles

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• German bank worker dozes, accidentally transfers millions to retiree
  The supervisor of a German bank worker who fell asleep at the computer and accidentally transferred nearly $300 million to a retiree's account got her job back after winning the case in court Tuesday.        
  June 11, 2013 - Los Angeles Times
• Bloomfield Twp. set to be 1st in state to cut retiree costs by selling bonds
  Bloomfield Township could become the first Michigan community that issues bonds to pay for retiree pensions or health care.
  June 11, 2013 - Detroit Free Press
• Pontiac emergency manager to present budget June 17, waiting for state’s decision on retiree health care
  PONTIAC — Emergency Manager Lou Schimmel said Monday that his departure date depends on when the state makes a decision on the city’s $6 million retiree health care obligation.
  June 11, 2013 - The Oakland Press

Quotes

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• Barack Obama in New York Times
  For years,Mr. Obama wrote, "US automakers and the UAW have resisted higher fuel-efficiency standards because retooling costs money, and Detroit is already struggling under huge retiree health-care costs and stiff competition."
• Robert R. Barry in CBS News
  These savings are a clear positive, but retiree liability cuts are likely to see some almost immediate offsets, from ongoing health care inflation, possible Delphi liability assumption and falling long-term rates,Goldman Sachs analyst Robert...