The state's generous exclusion of taxable Social Security benefits, retirement income such as pensions, IRAs and 40lks is attractive to retirees
seeking to relocate.
The Medicare Advantage plan streamlines the experience for retirees
He said he understood that the retirees
can get 'sensitive' at some issues.
were more likely than pre-retirees
to feel good about their budgeting and cash flow, with U.
This is consistent with what retirees
experience, according to the SOA.
The topic of out-of-pocket costs of medical coverage also showed a disconnect, with just over one-third (34%) of retirees
saying their employers communicated information to them, versus the 53% of employers that said they did so.
By 2010, 32 percent of workers expected retiree
health benefits, while only 25 percent of early retirees
and 16 percent of Medicare-eligible retirees
had them, Fronstin says.
Half of retirees
and more than six in 10 pre-retirees
expressed concern about having enough money to pay for adequate health care (49 percent of retirees
, 67 percent of pre-retirees
), and their income varying from changes in interest rates (52 percent of retirees
, 62 percent of pre-retirees
After the trustee has accomplished all the foregoing requirements, the court will grant a motion to modify retiree
benefits only if it finds that the trustee has properly satisfied these requirements, that the authorized representative of the retirees
has refused to accept it without ''good cause," that the modification of benefits is necessary, and that all of the affected parties are treated fairly and equitably (section 1114[f][l]).
But now the number of retirees
is growing exponentially, and employers are looking for valid options to sustain financial viability and provide choice to the retirees
About 2,800 municipal retirees
were already covered under a Medicare supplement plan and were not affected by the adoption of Section 18.
Categories: Income Security, Accountability, Cost analysis, Employee medical benefits, Employee retirement plans, Federal employee retirement programs, Federal/state relations, Health care costs, Local governments, Pensions, Program management, Retirees
, Retirement, Retirement benefits, Retirement income, State employees, Statistical data, Strategic planning