In Re Cortland Container Corp.

MEMORANDUM OF OPINION

JOHN F. RAY, Jr., Bankruptcy Judge.

This matter came on for hearing upon the application of retirees of Cortland Container Corporation (“Cortland”) for allowance of claims for health and life insurance benefits, objection of Cortland, the evidence, exhibits and argument of counsel.

From the evidence, the Court makes the following findings of fact:

1. On August 1, 1979, a program of life insurance benefits for hourly employees of Cortland, pursuant to an agreement with the United Steelworkers of America, became effective. (Ex. 1)

2. A similar agreement setting forth retirees’…