Slashed life insurance

[Omega82]

Interesting article (see title below) in yesterday's Wall Street Journal regarding how ATT is slashing life insurances for retired employees.  In one case the benefit will be slashed by almost $50,000.  Just shows how Americans are less affluent than we used to be.  Seems like Svetlana will be cashing out much less than in the past. 

AT&T Slashed Promised Life Insurance for Former Workers—and Time Runs Out at Year-End
The company, which is sparing its executives from the cut, says it brings benefits in line with what other firms offer