Return to GASB Statements 43 and 45 Facts

<< Previous

Next >>


What about retiree-pay-all health benefits?

 
bullet

This is a situation specifically addressed in the Statements.
 

bullet

Generally, the cost of benefits must reflect the cost as if this was a separately rated group.
 

bullet

If retirees are paying an active or COBRA rate, there will generally be a hidden subsidy.
 

bullet

This can generate a substantial liability (can be several thousand dollars per currently active employee, and over $10,000 per currently retired participant).

 


Home  |  Our Services  |  Defined Benefit Pension Plans  |  Pension Trends Newsletter
About Us  |  Links  |  Request InformationContact Webmaster