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Analysis Kodak Retirees Face Benefit Losses New Choices

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As part of the Eastman Kodak Co.'s restructuring, Bankruptcy Judge Alan Gropper recently approved ending the benefits of health insurance for life and a survivor income benefit for nearly 56,000 retirees as of Dec. 31, Reuters reported yesterday. About four years ago, retirees started to feel the pressure of Kodak's money troubles through the loss of benefits such as life insurance and dental insurance, says Roberts, who worked at Kodak for nearly 40 years as a human resources director before retiring in 2008. The benefits that remained cost Kodak $10 million a month and are listed as a $1.2 billion liability on its books.