Funding Retiree Medical Benefits

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Update: 50-State Survey of Retiree Health Care Liabilities

https://www.pewtrusts.org/en/research-and-analysis/fact-sheets/2018/12/update-50-state-survey-of-retiree-health-care-liabilities

Pre-funding also ensures that retirement benefits are paid out of a dedicated trust rather than current budgets, so taxpayers are funding the public employees who are providing services today rather than requiring future generations to foot that bill. …

Accounting for the Cost of Retiree Health and Other …

https://www.cbpp.org/research/accounting-for-the-cost-of-retiree-health-and-other-benefits-gasb-45

States are not required to pre-fund but they are required to calculate the amount of funds that would be needed to pre-fund their retiree health benefits and report the normal cost …

Congress Sends Biden U.S. Postal Service Retiree Health …

https://www.thinkadvisor.com/2022/03/09/congress-sends-biden-u-s-postal-service-retiree-health-rescue-bill/

The fund held $50 billion in assets on Sept. 30, 2017, and it needed $112 billion in assets to fund all retiree health benefits liabilities, according to the GAO. The …

How Companies Fund Retiree Medical Benefits

https://workforce.com/news/how-companies-fund-retiree-medical-benefits

Richmond, Virginia-based Media General has capped its contribution for future retiree medical benefits at $4,500 per year, per employee. Rochester Gas & Electric in …

Funding Retiree Health Benefits - Journal of Accountancy

https://www.journalofaccountancy.com/issues/2006/aug/fundingretireehealthbenefits.html

During the years 1998–2003, El Paso increased the retiree portion of health insurance premiums from $0 to $561 per month. The plaintiffs sought an injunction in district court …

Pre-Funding Retirement Health Benefits and …

https://about.usps.com/who/government-relations/assets/Postal-101_Medicare-Integration_March-2021.pdf

Pre-Funding Retirement Health Benefits and Medicare Integration . Background . Postal Service retirees receive complete health insurance coverage as long as they meet …

What Is a VEBA, and Should Our Self-Insured Health …

https://tax.thomsonreuters.com/blog/what-is-a-veba-and-should-our-self-insured-health-plan-have-one/

While a VEBA can be used as a funding mechanism for a self-insured health plan, establishing a VEBA is not necessary and might not provide any practical …

Post Office Pensions: Some Key Myths And Facts - Forbes

https://www.forbes.com/sites/ebauer/2020/04/14/post-office-pensions--some-key-myths-and-facts/

Healthcare benefits paid out of the Benefit Fund: $3.7 billion. Normal costs scheduled to be paid into the Benefit Fund to cover current year’s current employees’ …

IBM Updates Benefits Program for IBMers and Retirees

https://newsroom.ibm.com/IBM-Updates-Benefits-Program-for-IBMers-and-Retirees

IBM Retiree Medical Plan for Medicare Eligible Participants Transition Reinforcing IBM’s commitment to retiree healthcare and wellbeing, coverage under …

FUNDING OF POST-RETIREMENT HEALTH …

https://www.opm.gov/news/testimony/111th-congress/funding-of-post-retirement-health-benefits-for-employees-of-the-united-states-postal-service/

Pre-funding retirement benefits assures there is sufficient money set aside for the retirement benefits to be paid without further agency contributions. In the …

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