After GASB 45: Solving the Unfunded Liability Problem in Retiree Health Care, written by
Key findings include:
-- Nearly all states have created a state-wide health care pool, providing uniform benefit levels for the active workforce and to all retirees residing in the state. -- Many state plans include teachers and provide a local option for local governments and special districts to participate. -- In the last five years, 10 percent of states have established a plan that limits the state subsidy for future retirees; 34 percent say they are likely to introduce such a plan in the next five years. -- Most states have implemented a variety of cost containment programs: 84 percent have a disease management program and 80 percent require hospital inpatient precertification. -- The most popular preventive medicine programs in states are: coverage for a retiree's annual physical exam (72 percent); smoking cessation (70 percent); and wellness newsletters or websites (66 percent).
For a copy of the full brief visit http://tinyurl.com/aftergasb45
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, www.slge.org.
SOURCE Center for State and Local Government Excellence