Sentences with phrase «retiree health increase»

New York State unions file federal lawsuit over retiree health increase Wednesday December 28, 2011 at 04:16 pm

Not exact matches

Retirees are being transferred to new health care plans, with no increase in premiums for this year, at least; a document sent to retirees by the company says the pensioners will bear the cost of any increases in premiums going forward, and that the company has the right to change the plan at aRetirees are being transferred to new health care plans, with no increase in premiums for this year, at least; a document sent to retirees by the company says the pensioners will bear the cost of any increases in premiums going forward, and that the company has the right to change the plan at aretirees by the company says the pensioners will bear the cost of any increases in premiums going forward, and that the company has the right to change the plan at any time.

While the degree of future retiree health cost increases is unclear, it's likely that recent trends will continue and those costs will continue to rise.

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 budgets.

Also contributing to this increase were increases in unfunded retirement benefit costs and retiree health benefits expense of $ 293 million and $ 210 million, respectively, driven by changes in actuarial assumptions.

And not only do we need to strengthen its long - term health, it's time we finally made Social Security more generous, and increased its benefits so that today's retirees and future generations get the dignified retirement that they've earned.

The settlement included a wage increase on par with the rising cost of living, but in exchange, there was reform to the employees» active health insurance, retiree health insurance, paid time - off benefit package and employee work hours.

In exchange for a cost - of - living wage increase, I would expect the contract to include concessions from the unions, for example, less paid vacation days, and increased employee contribution for current and retiree health care costs.

Increased Retiree Health Insurance Premium - Sharing: While most employers — public and private — do not reimburse retirees for the cost of Medicare Part B premiums, New York State pays for the standard premium and the Income - Related Monthly Adjustment Amounts (IRMAA) levied on high - income retirees (couples with incomes in excess of $ 170,000 per year).13 Under the Governor's proposal, the State would cap the amount retirees are reimbursed at current levels and discontinue IRMAA reimbursements for those most able to afford the costs of health insuHealth Insurance Premium - Sharing: While most employers — public and private — do not reimburse retirees for the cost of Medicare Part B premiums, New York State pays for the standard premium and the Income - Related Monthly Adjustment Amounts (IRMAA) levied on high - income retirees (couples with incomes in excess of $ 170,000 per year).13 Under the Governor's proposal, the State would cap the amount retirees are reimbursed at current levels and discontinue IRMAA reimbursements for those most able to afford the costs of health insuhealth insurance.

Nearly every major public employees union is filing a lawsuit against the Cuomo administration over the increasing premiums for retiree health insurance.

Governor Andrew Cuomo signed a bill into law designed to protect Kodak retirees» from a dramatic increase in health care costs.

When the co-payment increase to take effect in April was announced in late 2015, Thruway officials said the change was bringing the retirees» cost of health care coverage in line with other retired state workers.

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.

This bill will prevent retirees from being forced into more expensive Medicaid and / or other socially funded health care, which would only increase local property taxes.

ALBANY (AP) A union has sued the state Thruway Authority challenging increased health care costs for about 1,500 retirees.

Contract negotiations also led to more work - rule efficiencies, additional sick leave, more health plan options, higher health insurance opt - out payments and increased health insurance premium sharing, with contributions capped at $ 6,000 for active employees and $ 8,000 for retirees.

And you see increasing signs of strain, from Atlanta's cheating scandal to the apparently massive faking of attendance data in Columbus, to the staggering financial burdens of pensions and retiree health insurance across the country.

This year's UTLA operating deficit was estimated at $ 1.5 million, fueled in large part by increased costs for staff retiree health benefits.

A commission chaired by the City of Chicago's Comptroller issued a report earlier this week which said that Chicago can no longer afford its subsidies for government worker retiree health care, which currently cost the city $ 109 million annually but would grow to nearly $ 500 million in a decade thanks to projected increases in the number of retirees and in health care costs.The commission offered Mayor Rahm Emanuel a series of suggestions on how to change the program to save money, including having workers pay a greater percentage of their own health care premiums in retirement, but it also concluded that the city might want to simply end the subsidy program, a move which almost certainly would be challenged in court.

The SRC will increase teachers» payments to their health care and phase out benefits for retirees.

retroactively increases or decreases compensation, including, but not limited to, enhancements to pension and retiree health benefit for service already rendered, but excluding base wages; or

A bill either increasing funding or changing benefits had to pass in order to avoid the complete insolvency of the retiree health program, but the version that was approved was a blow both to existing retirees and to those who had made plans to retire in the near future.

Thiel says in 2010 the costs for providing retiree health care benefits to retired teachers was increasing and causing «a strain» on school districts, so the Legislature decided to shift some of those costs from the district (employer) to school employees to the tune of 3 %.

But with increasing life expectancy and advances in health care, today's retirees and future generations can expect to enjoy a longer and more active retirement.