> Honeywell will eliminate the retiree medical subsidy for current
> employees.This change affects about 15 percent of Honeywell employees
> who were hired before January 1, 2000, and elected to remain in the
> legacy Honeywell legacy
> Allied Signal pension plans . Employees in the UOP pension plan are
> also affected by this change.
> Specific changes to retiree medical coverage include:
> Honeywell will no longer subsidize retiree medical coverage for
> employees who retire after September 1, 2009.
> Employees already retired or who retire on or before September 1,
> 2009, will not be affected.
> Honeywell plans to provide access to group insurance at competitive
> company rates for pre-65 retiress who leave the company after
> September 1. The company's group coverage rate is generally less
> expensive than individual coverage currently available in the
> marketplace and can help employees under the age 65 bridge the gap
> until they are eligible for other opitions through Medicare.
> Retired employees who are eligible for retire medical coverage must
> enroll on or before September 1, 2009, and maintain their coverage or
> else they will permenently foreit the benefit. Please be aware that
> employees must initiate the retirement process by July 31,2009, in
> order to retire on or before September 1, 2009.

> Mark James   Senior Vice President    Human Resources and
> Communications    Honeywell