Hello, everyone is talking about companies eliminating the pensions my question is: How long will the companies that still offer health care after retirement continue to do so. How long can taxpayers continue to pay for teacher’s health care after their retirement?
Health Care provided after retirment
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mickeyd
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I'm am still amazed that any employer still offers health coverage to retirees. The cost to the company's overall health plan (rather than just active employees) is very high and eliminating this cost (and reducing what active employees have to pay) is an attractive option. Retired military members get wonderful coverage to age 65 and it has proven to be a very costly benefit the we taxpayor pay for.
Stockholders also dislike providing a costly benefit to someone that is no longer contributing to the bottom line.
As for coverage for retired educators, I don't believe that tax dollars provide this coverage to retired teachers. I believe that active teachers, and those that are enrolled in the retired plan, pay the freight in TX. Of course, I am not entirely sure that is tha way it works in TX, but I am pretty sure. Perhaps others on this forum will know for sure.
Stockholders also dislike providing a costly benefit to someone that is no longer contributing to the bottom line.
As for coverage for retired educators, I don't believe that tax dollars provide this coverage to retired teachers. I believe that active teachers, and those that are enrolled in the retired plan, pay the freight in TX. Of course, I am not entirely sure that is tha way it works in TX, but I am pretty sure. Perhaps others on this forum will know for sure.
As a teacher, I can answer that question - here in Minnesota, we do not have paid health care in retirement. We can, if we choose, roll over our 'leftover' sick days into a retirement health care account. In otherwords, we definitely pay our own way. My understanding of the Texas system is that the teacher's contributions fund the accounts. SO, don't be thinking we are getting such a great deal at your expense. NOW, about my paycheck... :
I agree that it's costly, but I think the military's retention statistics have shown it to be a cost-effective benefit. Similar to the cost effectiveness of building multi-billion $$ ships and paying their crews for decades of training & deploying, yet never firing a warshot.mickeyd said:
And remember, TRICARE For Life picks up at age 65 and is supposed to continue as second payer to Medicare. The expiration date of retiree military IDs is set to the month prior to their 65th birthday for just that reason.
Yes yes. Of course. Find a statistic to justify getting YOURS. Just dont let anybody else pull that sht.
As far as the comment:
Yes, it costs. And the taxation for it I would submit is greatly unbalanced. Since The Rich are the primary per capita mega benficiaries of the military, and sicne they made more g/d money off of my active duty service than I ever did, they still have a bill to pay.
I'd say, since I did my job under certain conditions and obligations, and did my part so they could get rich, they owe me. So start writing bigger and bigger and bigger checks . Whatever it takes. If they don't have it they better
get it.
Well, I got mine (Tricare) and darn proud and happy to have it. Just 20 months away till tricare for life. Sure was a good decision made back there in the 60s to stay in 20 years. Makes me look brilliant. . . err ah now, anyway.
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The potential loss of health insurance coverage in retirement is one reason we are waiting for DW to retire so we will have two options. Hers is the best since it she will pay nothing for premiums while mine would run about $150/month to cover both of us with about the same coverage.
Who knows what the future will bring and my previous company has already increased the premium percentage the retiree pays each of the last 4 years. New retirees must pay even more with the same years of service so you either have to work longer or pay more if you leave earlier.
My current employeer offers no insurance at retirement; acutually, they don't really have any retirement program and when you leave, you just leave rather than retire, unless you are 65 or older.
Who knows what the future will bring and my previous company has already increased the premium percentage the retiree pays each of the last 4 years. New retirees must pay even more with the same years of service so you either have to work longer or pay more if you leave earlier.
My current employeer offers no insurance at retirement; acutually, they don't really have any retirement program and when you leave, you just leave rather than retire, unless you are 65 or older.
