A judge’s ruling to allow Visteon to discontinue benefits for some 6,500 retired Visteon workers was overturned in July 2010 by the Third U.S. Circuit Court of Appeals. The appeals court ordered immediate restoration of benefits for both the salaried and hourly retired workers. In addition, the appeals court also ordered that the restoration be retroactive to the day the retiree benefits were cut off. Review the recent article, "Judge: Visteon retiree benefits must be restored", for more on this important topic for Visteon retirees.

 

Contact Mainstay Capital Management toll-free at 1-866-444-6246 to discuss how this development may impact your personal situation.

 

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