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Compass
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State of North Carolina Finds a Relatively Painless Way to Curb Retiree Health Care Costs
MarketWatch Feb. 7, 2020 "Rather than wait for a crisis, North Carolina took steps to phase out its retiree medical costs in an orderly and predictable fashion. First, in 2006, it raised the required years of service to qualify for retiree health care from five to 20 years. Second, in 2017, the state eliminated health insurance benefits for retirees hired after Jan. 1, 2021. The result will be a steady decline in the number of workers qualifying for OPEB over the next two decades until it reaches zero in 2041." |
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