Sentences with phrase «retiree health insurance»

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.
He says it could also be used to pay down the state's high debt, or to create a trust fund to pay for retiree health insurance costs.
Another consequence of early teacher retirement is a linked demand for retiree health insurance coverage.
Lucy and I are millennials so of course we don't have pensions or retiree health insurance plans available through our employers.
Despite the widespread provision of retiree health insurance for public sector workers, little attention has been paid to its effects on employee retirement.
«The additional compensation for state employees should include productivity enhancements or other cost - savings, such as the reforms to retiree health insurance shares,» added David Friedfel, director of State Studies at the Citizens Budget Commission.
Also vital are sweeping changes in how public - employee contracts, including retiree health insurance and work rules, are negotiated.
• Provisions to eliminate retiree health insurance coverage for new hires and those employees with fewer than 15 years of service;
Recent changes to the contracts covering teachers and administrators saved the district about $ 9 million in retiree health insurance costs for this budget year.
In the course of this research we were surprised to learn that retiree health insurance benefits are not included in the BLS employment cost estimates.
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.
While most teachers have access to some sort of subsidized retiree health insurance, this benefit has all but disappeared in private sector firms.
As we noted in our article, as large as this gap is, it understates the gap in total retirement benefit costs because BLS does not collect data on retiree health insurance.
During the years, TCTA has worked with TRS and the Legislature to increase benefits with TCTA - initiated improvements ranging from TRS - Care retiree health insurance to the retirement eligibility Rule of 80.
Three separate agencies exist to record separate District contributions to the Police Officer and Firefighter Retirement System, the Teachers» Retirement System, and Other Post-Employment Benefits (primarily retiree health insurance).
HB 3976 by Rep. Trent Ashby / Sen. Joan Huffman restructures retiree health insurance by splitting TRS - Care into two programs — one for Medicare - eligible retirees and one for non - Medicare - eligible / under age 65 retirees:
Another option to look into is retiree health insurance through your former employer.
Individuals with a state issued health license may also be eligible for training to conduct group retiree health insurance meetings...
or should I just wait until I am 55 and take advantage of my company's retiree health insurance plan, of $ 375 / month
DiNapoli says that would be a smart use of the money, though it could also be used to pay down the state's high debt or create a trust fund to pay for retiree health insurance costs.
Nearly every major public employees union is filing a lawsuit against the Cuomo administration over the increasing premiums for retiree health insurance.
With more square miles (kilometers) than Manhattan, Boston and San Francisco combined, Detroit didn't have enough tax revenue to reliably cover pensions, retiree health insurance and buckets of debt sold to keep the budget afloat.
Retiree Health Insurance — The Executive Budget includes a number of reforms that will provide needed long - term savings, including tiered premium shares based on years of service and limited reimbursement of Medicare premiums.
They are also eligible for guaranteed career pensions and retiree health insurance, with the state paying for most of their health insurance premiums and reimbursing lawmakers over 65 for Medicare Part B premiums.
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.
CSEA President Danny Donohue said the case highlighted the need for the retiree health insurance legislation (S. 6457a) the union is backing.
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.
That removed Syracuse from all but one city - county initiative, a joint request for proposals for retiree health insurance, which was already under way before the shared services panel was formed.
The Retiree Health Insurance legislation (S. 6457a / A.9393 a) provides for a study of this issue because of recognition that there are severe negative consequences from allowing unilateral employer action that could also cost taxpayers plenty.
In exchange, the union gave up retiree health insurance, which Mayor Byron Brown says will save city taxpayers money.
Pension costs, excluding Social Security and retiree health insurance, have grown from $ 520 per student in 2004 to $ 1,220 today — or from roughly 5 percent to 10 percent of current expenditures per student.
Pension costs, excluding Social Security and retiree health insurance, have grown from $ 520 per student in 2004 to $ 1,220 today.
Pension costs, excluding Social Security and retiree health insurance, have grown from $ 520 per student in 2004 to $ 1,220 today in current dollars — or from roughly 5 percent to 10 percent of current expenditures per student.
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).
Retiree health insurance can add much more to the bill.
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.
However, the Kaiser Family Foundation (KFF) has found that retiree health insurance is fading fast.
If you have retiree health insurance but want to buy a Marketplace plan instead, you can.
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