Retiree Medical and Health Benefits Face Budget Cuts

Healthcare benefits that have been promised to retirees are typically funded on a “pay-as-you-go” (also known as “paygo”) basis. As the cost of healthcare premiums and services rise, it becomes more difficult for municipalities and corporate plans to fund this rapidly growing budget expense. Retiree medical benefits fall under the category of Other Postemployment Benefits […]

Retiree Medical and Health Benefits Face Budget Cuts

Healthcare benefits that have been promised to retirees are typically funded on a “pay-as-you-go” (also known as “paygo”) basis. As the cost of healthcare premiums and services rise, it becomes more difficult for municipalities and corporate plans to fund this rapidly growing budget expense. Retiree medical benefits fall under the category of Other Postemployment Benefits (“OPEB”).

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