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Labor Department seeks Ford health plan exemption
Quick ReadLabor Department wants exemption to allow Ford to transfer stock to health care trust
WASHINGTON (AP) — The Labor Department is proposing an exemption to allow Ford to transfer company stock into a new health care trust to help fund benefits for retirees.
Ford Motor Co.'s health care trust would cover 285,000 retirees and dependents. The government needs an exemption from provisions of a federal law prohibiting such benefit plans from holding large assets in the form of employer...
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