The December 2oth letter to retirees looks like a
"knee-jerk" reaction to the US announcement. The US changes
are effective January 1 whereas, we will not even
know until March. Expect less than 3%.<br>The
capping of benefits appears to be a strategy that is long
underway. e.g. there was a cap on double-dipping so that
50% was the maximum on dental regardless of other
coverage. In my case, this means that my Pacific Blue Cross
pays first and there is nothing left for Great West to
pay because a)it is capped at 50% and b) the rate is
1993 so is always less than Blue Cross.<br>I
really feel sorry for the IBMers that stayed after the
packages to max out on their defined benefit pensions.
They will get hit the worst.