Navigation Links
Balancing Dollars and Health Sense

New Center for Excellence Report: A Framework for Decision Making on

Funding State Retiree Health Care Benefits

WASHINGTON, June 24 /PRNewswire/ -- A new report from the Center for State and Local Government Excellence looks at the complexities surrounding the funding of state retiree health benefits and possible options to finance future obligations.

Balancing Dollars and Health Sense: A Framework for Decision Making on Funding State Retiree Health Care Benefits was written by the Institute for Public Policy and Social Research (IPPSR) at Michigan State University with a grant from the Center. It is the result of a request from the Michigan House of Representatives Committee on Retiree Health Care Reforms for research on retiree health care funding options.

Michigan has unfunded retiree health care obligations estimated at $22.7 billion. The Michigan House formed the Committee on Retiree Health Care Reforms in July 2007 to develop strategies to address this unfunded liability.

Balancing Dollars and Health Sense looks at practices from eight states -- Michigan, Illinois, Ohio, Indiana, Wisconsin, Minnesota, Vermont, Hawaii, and Massachusetts; explores ways to manage a smooth transition from the current pay-as-you-go approach to developing one that will effectively address the unfunded liabilities and rising retiree health care costs over the long term; and offers recommendations to policymakers, including:

-- Establish a nonpartisan commission to develop a plan and keep the public and state employees informed of its progress.

-- Create an irrevocable 115 Trust Fund and consider multiple approaches to fund it.

-- Merge administration of plans managed by the State as much as possible to unify the purchasing process and increase bargaining power, while keeping employee group plans separate.

-- Assure current retirees they will receive promised benefits.

-- Balance the need to control costs with the need to keep the plans affordable for employees.

-- Include incentives for employee wellness.

The report was written by Harry Perlstadt, PhD, MPH, a professor in Michigan State University's Department of Sociology; AnnMarie Schneider, MS, director of Program Planning and Policy Education, MSU Legislative Leadership Program, IPPSR; and Ryan Kevin Kelly, MHRLR, a research assistant with IPPSR, School of Labor and Industrial Relations, Michigan State University. It is based on interviews with government administrators, key policymakers, union leaders, human resources professionals, and research scholars. The research team also reviewed reports from actuarial firms, states such as California and Ohio, research institutes, and professional associations, as well as testimony presented to the Michigan House Committee on Retiree Health Care Reforms.

To read the full report visit{ED445E61-FF4D-4990-ABC7- 4018FAA0A16D}&DE={B744A332-913B-48F1-BEE9-C3C35FE506E9}

(Copy and paste the link in your browser if necessary.)

About the Center for State and Local Government Excellence

The Center for State and Local Government Excellence helps state and local governments become knowledgeable and competitive employers so they can attract and retain a talented and committed workforce. The Center identifies best practices and conducts research on competitive employment practices, workforce development, pensions, retiree health security, and financial planning. The Center also brings state and local leaders together with respected researchers and features the latest demographic data on the aging workforce, research studies, and news on health care, recruitment, and succession planning on its website,

SOURCE The Center for State and Local Government Excellence
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. PA Homecare Association kicks off Annual Conference: Homecare advocates speak about the importance of re-balancing the healthcare system to ensure care to the citizens of the state
2. Stem cells and cancer: Scientists investigate a fine balancing act
3. QED International Associates Announces Quarterly Rebalancing of HealthShares(TM) Indexes
4. HealthShares(TM) Announces Quarterly Rebalancing of HealthShares(TM) Indexes
5. Wells Fargo Health Savings Accounts Grow to Quarter-Billion Dollars
6. Inforum Presents Panel Discussion on The Future of the U.S. Health Care System: What It Will Cost in Dollars and Quality of Care
7. American Legacy Foundation Steps Forward to Fight For, Safeguard Ohios Tobacco Settlement Dollars
8. Youth and Adults Throughout Illinois Urge Governor Blagojevich and Congress: Invest Our Tax Dollars Wisely
9., Inc. (Pink Sheets: VPLM.PK - News) UPDATE: Announces First Award Recipient of TalkfortheCure(TM) Dollars
10. ERBE Perseveres Yet Again in Opposition to Dr. Jerome Canady, and is Awarded More Than One Million Dollars
11. Prime Therapeutics Introduces Efficiency Program to Help Employers Understand How to Most Effectively Spend Pharmacy Dollars
Post Your Comments:
(Date:11/25/2015)... CA (PRWEB) , ... November 25, 2015 , ... According ... Vinci surgical robot is being more and more widely heralded as a breakthrough for ... da Vinci method has over traditional laparoscopic surgery is that it can greatly reduce ...
(Date:11/25/2015)... Boca Raton, Florida (PRWEB) , ... November 25, ... ... on-site diagnostic testing for physicians and athletic programs, launches new Wimbledon Athletics ... the importance of testing young athletes for unsuspected cardiac abnormalities. About 2,000 people ...
(Date:11/25/2015)... (PRWEB) , ... November 25, 2015 , ... ... a double board certified facial plastic surgeon specializing in both surgical and non-surgical ... of The Skin Spa at Hobgood Facial Plastic Surgery. , Highly trained ...
(Date:11/25/2015)... , ... November 25, 2015 , ... “While riding the ... inventor, from Bronx, N.Y. “I thought there had to be a convenient and comfortable ... PROTECTOR. , The PROTECTOR enables disabled individuals to safely travel during cold or inclement ...
(Date:11/25/2015)... ... 25, 2015 , ... "When I underwent breast reconstruction following ... uncomfortable," said an inventor from Bronx, N.Y. "In order to meet my own ... BRA for added comfort and support. The bra is easier to put on ...
Breaking Medicine News(10 mins):
(Date:11/25/2015)... , Nov. 25, 2015  Amgen (NASDAQ: ... License Application (BLA) with the United States ... ABP 501, a biosimilar candidate to Humira ® ... biosimilar application submitted to the FDA and represents Amgen,s ... Sean E. Harper , M.D., executive vice president ...
(Date:11/25/2015)... , Nov. 25, 2015  Linden Care, LLC, ... optimizing treatment outcomes for patients suffering from chronic pain, ... for a Temporary Restraining Order (TRO) enjoining Express Scripts ... two companies. --> --> ... all of its legal options. --> ...
(Date:11/25/2015)... 25, 2015 On Tuesday, November 24, ... trial against Wright Medical Technology, Inc. for product ... metal-on-metal hip implant device, awarded $11 million in ... week trial and three days of deliberations, the ... was defectively designed and unreasonably dangerous, and that ...
Breaking Medicine Technology: