Retiree Medical Benefits Could Plague Future Budgets
The nation’s public sector is just now realizing the size and scope of the problem of retiree medical costs, something the private sector did a decade ago or more.
But unlike the rules governing public pension plans, which require payment each year to fund the current and future costs, the rules for retiree medical benefits allow cities, counties and school districts to “pay as you go,” meaning they pay on the current cost each year and ignore the long-term price tag.
This is inline for the possibility of some real concerns in the future.
For the full story you can view in at the following web page.
http://www.mcall.com/news/local/allentown/mc-allentown-medical-benefits-20110129,0,4092016.story
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Terry Smeader
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