This Practice Note provides an overview of the process, standards, and substantive requirements for modifying or terminating the payment of retiree benefits under section 1114 of the Bankruptcy Code in a Chapter 11 case. The Note discusses initial strategy considerations, including venue and timing, explains the scope of the retiree benefits definition, and the procedural framework and legal standards for modifying retiree benefits in bankruptcy, including splits in case law, and the interplay of Rule 9019 settlements, section 363 sales, and liquidating plans and retiree benefit obligations.