Facing a fund gap

Lucent seeking to shift part of soaring health costs to retirees

By Kimberly Blanton

Globe Staff / October 20, 2004

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Lucent Technologies' population of retired workers has grown so large over the years, there are four retirees for every active employee on its payroll. With health insurance costs soaring, Lucent now is saying that it's time for retirees to help pay for the benefit. (Full article: 896 words)