Report: Sears Cutting Life Insurance Benefits for as Many as 90,000 Retirees

Report: Sears Cutting Life Insurance Benefits for as Many as 90,000 Retirees
The Sears logo is seen outside a store in Brooklyn, New York, U.S., October 10, 2018. Shannon Stapleton/Reuters
Jack Phillips
Jack Phillips
Breaking News Reporter
|Updated:
Sears told as many as 90,000 of retired employees in March that it is ending their life insurance policies, reported CBS News.

Ron Olbrysh, the chairman of the National Association of Retired Sears Employees, told CBS that the firm sent letters to eligible retirees, saying their benefits ended on March 15.

Jack Phillips
Jack Phillips
Breaking News Reporter
Jack Phillips is a breaking news reporter who covers a range of topics, including politics, U.S., and health news. A father of two, Jack grew up in California's Central Valley. Follow him on X: https://twitter.com/jackphillips5
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