Sentences with phrase «as the retiree health»

Stringer noted that the mayor recently put an extra $ 864 million into a rainy - day account known as the Retiree Health Benefits Trust Fund, in addition to an existing $ 1 billion the mayor put in the reserve in February.

Not exact matches

Taking first place as the ideal locale for retirees, Costa Rica scored top marks in health care and healthy lifestyle.

As tax revenues have shrunk, the city's financial obligations have grown — mainly to an ever - expanding pool of 30,000 retirees, promised life - time pensions and health benefits by short - sighted government officials over decades who consistently failed to fund those future obligations.

Often people want to continue working until later in life, but the survey found that 50 % of retirees left the workforce earlier than planned, and of those, 60 % left because of health or disability problems and 27 % because changes in their company such as downsizing or closure.

Because of the rapidly rising cost of retiree health care, financial advisors are also recommending people take action to improve their actual health as well as their financial health.

Health savings accounts are assuming greater prominence in retirement planning as anticipated retiree health costsHealth savings accounts are assuming greater prominence in retirement planning as anticipated retiree health costshealth costs rise.

Foss says effectively planning potential retiree health costs requires starting early to investigate the ins and outs of Medicare Parts A, B and D, as well as supplemental or Medigap insurance.

Because of their flexibility, portability and tax advantages — and rising projections for retiree health costs — StoneStreet's Delaney says she's focusing more on HSAs as a retirement planning tool.

As more local governments find themselves unable to meet the increasing costs, particularly related to pensions and retiree health benefits, municipalities have begun to more seriously consider debt restructuring under the bankruptcy code as an option for right - sizing their budgetAs more local governments find themselves unable to meet the increasing costs, particularly related to pensions and retiree health benefits, municipalities have begun to more seriously consider debt restructuring under the bankruptcy code as an option for right - sizing their budgetas an option for right - sizing their budgets.

Ask Ben a question Register for upcoming webinar Introducing our newest segment: Asked & Answered Listen in to our very first Asked & Answered episode as we answer the following retirement questions: Fritz's question: Annual costs for higher income individual for pre-65 retiree health care costs?

According to the Kaiser Family Foundation, the percentage of household budgets spent on health expenses is nearly 3 times as much for retirees on Medicare as for working households (14 % versus 5 %).6

These Alpha executives, the ones who managed the company into bankruptcy, how can their spirits be kept up as they strip health care from retirees who gave their lives to the company?

Trump can put a little more money into the pockets of coal executives, the ones trying to escape pension and health care obligations to retirees even as they hoover up bonuses.

But he previously said his status as a retiree would save the village about $ 80,000 annually because it wouldn't have to contribute to his pension or fund his health care.

De Blasio later argued that he came up with a «systemic way of reducing employee health care costs» by requiring unions come up with savings from their medical plans, as well as adding $ 1.86 billion to the health care reserve for retirees.

«It's about making sure localities live up to their responsibility to retirees that their health care coverage will continue to be there as promised.»

Away from infrastructural development, the governor's giant strides in regular payment of workers» salaries and retirees» pensions, when many states are unable to pay not to talk of embarking on capital projects because of the nation's economic downturn; his remarkable achievements in other strata of the economy, such as in education, health, investment promotion, empowerment, water supply, agriculture, sports, etc, have also brought enormous goodwill to the PDP - led government in Enugu State.

* Oddly, the sponsor's memorandum on file with LRS for S. 3252 claims the bill continues retiree health benefit levels in effect as of May 2008.

... a public employer shall be prohibited from diminishing the health insurance benefits provided to retirees and their dependents or the contributions such employer makes for such health insurance coverage below the level of such benefits or contributions made on behalf of such retirees and their dependents by such employer as of the effective date of this act.

Retiree health insurance (also known as other post-employment benefits, or OPEB) amounts to a $ 250 billion unfunded liability for the state, its public authorities and localities.

The state pays for retiree health care on a pay - as - you - go basis out of the general fund.

The savings would come from a lack of broad - based salary increases, plus health care givebacks such as an increase in the share of insurance premiums paid for by workers and retirees.

«I applaud our elected officials for another on - time budget, and for the wisdom they have shown in certain areas, such as removing the retiree health care increases, stopping the proposed Workers» Compensation reforms and restoring the proposed cuts to the SUNY hospitals, as the services provided by these hospitals are valuable to their communities.

Snyder was described by officials close to the negotiations as an expert at finding ways to control employer health care costs, particularly those arising from retirees.

Erie County's long - term costs for retiree health insurance coverage are apparently dropping as unions agree that retirees will pick up part of the costs.

As mentioned, the city has retiree health benefit reserves, but in the case of a recession, Doulis of Citizens Budget Commission warns that that money should not be touched to fill operational budget gaps.

We pointed out this shortcoming of the ECEC in 2011, noting that «BLS data do not report on retiree health coverage for private sector or state and local government employees as these plans are generally unfunded, meaning there are no current employer contributions to measure.»

Because governments finance retiree health benefits on a «pay - as - you - go» basis — meaning that benefits are paid to retirees as they come due — the ECEC does not include any employer contributions for retiree health costs.

As you will see in the summary report (by Fordham's Dara Zeehandelaar and Amber Winkler) and several technical papers to follow, economist and pension expert Robert Costrell and education - finance expert Larry Maloney parsed the budgets of the Milwaukee, Cleveland, and Philadelphia school districts to estimate just how big an impact their pension and retiree - health - care obligations will have on their bottom line in coming years.

Regarding the first two groups, without running afoul of constitutional protections, states can curtail retiree health care, as Wisconsin and Ohio did, which frees up some resources to apply to immutable pension obligations.

Unlike the teacher pension system, payments for retiree health insurance are typically pay - as - you - go (i.e., no employer fund is created to pay for these future liabilities).

And as large as these liabilities are, they do not include future costs for retiree health insurance, an issue that is now beginning to appear on education - finance radar screens.

Retiree health benefits, commonly treated by governments as malleable when times are tough, may be harder to slash if a recent California court ruling holds.

As of last June the unfunded liability for retiree health benefits was projected to about $ 27 billion dollars.

The annual bill for pension and retiree health care totaled $ 124 billion, as of fiscal year 2010 — about what states spent on transportation that same year.

No available funds despite the fact that there are tens of millions extra in certain line items such as the budget to pay for retiree health benefits.

The district faces rising pension costs, vastly underfunded retiree health benefits and union pressure to raise salaries — all as declining enrollment is draining financial resources.

This is the same issue that faces every state in the nation (except Wisconsin) and the Federal Government over their retiree health care programs; they didn't set aside money for the future payments, but decided to pay - as - it - goes.

The majority of early retirees are in poorer health and have higher mortality risk than age 65 retirees, and only a minority have health and mortality risk as good as that of age 65 retirees.

Among a subgroup of 444 retirees polled, 69 per cent said they did not stop working on the date they planned, with 41 per cent of that group citing health concerns as the mean reason they had to leave work early.

As a matter of fact, the KFF study reported that of those large companies who offer retiree health benefits, only 66 % offer it to early retirees (roughly 16 % of all large firms — 66 % of the 23 % that offer coverage).

Almost one in four current retirees did so earlier than expected because of circumstances under which they had no control, such as ill health or corporate downsizings.

As the program was implemented during the economic recession, there was a significant response from sponsors of retiree health plans.

These are all immediate annuity benefits that also allow you to keep your Federal Employees Health Benefits (FEHB) and Federal Employees» Group Life Insurance (FEGLI) coverages as a retiree if you have been enrolled for enough time (usually the 5 years immediately preceding your retirement) before you retire.

Fifty - five percent of retirees who left the workforce earlier than planned cited health problems or disability as a reason for early retirement; 17 % cited caring for a spouse or other family member.5

You can't continue your health or life insurance as a retiree, either.

Note that coverage under COBRA or a retiree health plan will not count as current employer coverage for this exception.

A significant number of retirees rely on Social Security as their primary source of retirement income and on Medicare as their main source of health insurance.

As a permanent resident under the international retiree program in Belize, you will be able to enjoy low - cost health care, but you can also use your North American or European health insurance on the island.

Faces of the Campaign is an ongoing series featuring our key organizers and stakeholders involved in «Put A Price On It, D.C.» Our coalition — more than 45 groups as of this writing — is comprised of racial justice activists, union workers, health advocates, moms, dads, kids, retirees, and business - owners alike.