para]]Aon Survey Shows 66% of Companies Planning to Make Changes to Pre-65 Retiree
Strategies; Most Favoring an Exchange Approach[[/para]]
The Towers Watson 2014 Survey on Retiree
Health Care Strategies reveals that employers are seeking solutions due to annual cost increases that are outpacing those of benefits for active employees and Medicare retirees
, plus the availability of new individual coverage options under the Patient Protection and Affordable Care Act (PPACA).
The percentage of non-working retirees
over age 65 with retiree
health benefits now sits at 16 percent.
employers to shift more and more of the cost of health benefits to retirees
and, in some cases, even to eliminate retiree
health benefits entirely.
To add insult to injury, that $69 was a Medex plan, and the Medicare retiree
was paying 25 percent of the total premium.
State and local retiree
benefits are not subject, for the most part, to federal laws governing private sector retiree
Eligibility was later expanded to include any retiree
with a compensable combat-related disability, including reservists.
The airline reached agreements on benefit cuts with both its court-appointed pilot and non-pilot retiree
committees, according to court documents.
EDWARDS AIR FORCE BASE -- The Air Force Retiree
Council has an upcoming vacancy for the Area II (California) representative.
Although 53 percent of respondents offering retiree
health benefits are attempting to reduce retiree
health costs or liabilities, just 39 percent have measured their liabilities for financing these benefits.
Read how two financial executives on different sides of the fence are coping with the specter of retiree
Until recently, retiree
health care costs were paid and accounted for in the same way.