Sentences with phrase «retiree healthcare»

The unfunded liabilities for retiree healthcare for the 30 largest US cities exceeds $ 100bn, according to the Pew Charitable Trusts, a Philadelphia - based non-profit organisation.

[21] The City owes $ 5.4 billion in pension benefits and has $ 1.1 billion in unfunded liability for its pension system and $ 1.2 billion in unfunded liability for retiree healthcare benefits.

Given that the cost of the nearly - free healthcare benefits and other perks of teaching have increased by 21 percent within a six - year period — and the $ 1.4 trillion in pension deficits and unfunded retiree healthcare costs — governors realize they must restrain future increases.

For some additional color, review my article on how well funded most state pension and retiree healthcare plans are.

Much of this stems from pension and retiree healthcare promises.

It offers a reduced rate in retiree healthcare for workers that retire this year.

After failing to reach an agreement on the value of its stock owned by the United Auto Workers retiree healthcare trust, Chrysler has announced in a press release that it has filed for an initial public offering.

It's up to them,» he said, referring to a United Auto Workers union retiree healthcare trust called VEBA that owns 41 percent of Chrysler.

Apparently, these senators see no problem in tying the hands of local officials who might want to save money, and preserve vital services, by restructuring their growing retiree healthcare costs.

** Outside New York City, the financial stakes of locked - in retiree healthcare deals for cops are highest for Skelos» own heavily burdened constituents in Nassau County.

Attn Bill deB: @NYSenate now measuring you for handcuffs on police, firefighter retiree healthcare costs.

According to an L.A. Times story earlier this week, a Los Angeles charter school is trying to avoid retiree healthcare costs by paying its veteran teachers to leave the school and return to the Los Angeles Unified School District (LAUSD).

Retiree healthcare expenses are projected to rise on average 5.5 % annually for the foreseeable future.

Brian — I am also fortunate in that I do have employer subsidized retiree healthcare along with my pension.

I will add this, even more painful cuts will come over the next 10 - 20 years as the pensions / retiree healthcare crisis descends on the municipalities.

In earlier generations, retiring employees were often eligible for employer - sponsored financial benefits, such as the guaranteed lifetime income provided by traditional pensions and retiree healthcare coverage.

Few states have their pension and retiree healthcare benefits funded.

Retiree healthcare plans are uniquely American.

The states, most of which had to run a balanced budget, cheated in a different way — they didn't lay aside enough cash for their pension and retiree healthcare promises.

With pension and retiree healthcare costs rising, and tax revenues either falling, or not rising so rapidly, that squeezes out money from other public services.

Syracuse — If city taxpayers had to pay off the current bill for retiree healthcare, each household would owe more than $ 32,000, the most per capita of any city in New York, according to a study released today by the Empire Center.

Bigger cuts to retiree healthcare were justified because that benefit, unlike pensions, was not protected under Michigan's constitution, he said.

I discovered in this answer that the United States Postal Service needs a $ 6B bailout every year due to retiree healthcare benefits, which are separate from its pension fund.

All told, Syracuse's current bill for retiree healthcare is $ 1.8 billion, according to E.J. McMahon of the Empire Center.

Eliminates constitutional protections for vested pension and retiree healthcare benefits for current public employees, including teachers, nurses, and peace officers, for future work performed.

The main drivers were retirement benefits (in the aggregate) including pensions and retiree healthcare.

I thought we should take on the most significant factor which was increasing costs for pensions and retiree healthcare.

Only big employers have ever offered pensions or retiree healthcare.)

And, on top of the increased pension cost, the City Comptroller reports that the windy city's subsides for retiree healthcare are projected to increase from $ 109 million today to $ 500 million over the next decade.

Connecticut Gov. Dannel Malloy and Comptroller Kevin Lembo excitedly announced yesterday that the state had reduced its retiree healthcare obligation, also known as other post-employment benefits or OPEB, by $ 2.1 billion.

In addition, Taxpayer paid - for retiree healthcare should end, replaced with a modest taxpayer annual contribution to a Health Savings Account....

Some municipalities have done that with pensions, almost none have done it with retiree healthcare, but the retiree healthcare promise is much weaker one.

What if a state stops paying pensions and retiree healthcare?

For the last 40 - 80 years we have been borrowing, whether implicitly (pensions, retiree healthcare) or explicitly, deferring problems into the future, where they will be compounded with interest and survivorship (lifespans have lengthened, Kaiser, and sadly for those who pay, they want a high quality of life in their dotage).

Here's that problem: if you engaged in this hopeless game of pushing pension and retiree healthcare costs into the future, it will not do to merely make cuts to meet the present shortfall.

For underfunded private defined benefit and retiree healthcare plans, they will likely be terminated, and lesser benefits paid.

This does not count in state defined benefit pension plans and retiree healthcare.

Medicare, Social Security, unfunded Federal pensions and retiree healthcare, underfunded state pensions and unfunded retiree healthcare, and underfunded corporate pensions (flowing to the PBGC) are the crisis of the future.

Reliance on large pension and retiree healthcare promises to keep wages low, and not funding those promises to keep taxes low.

A complete victory for Meritor Inc. in a retiree healthcare benefits class action, in which the Sixth Circuit ruled in its favor;

Retiree healthcare benefits are increasingly rare in the private sector, requiring households to fund their own healthcare costs in retirement beyond what is covered by Medicare.