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The promise of retiree health coverage, long a mainstay through government and private – public sector employer support, is in rapid decline. For private employers the decline started in the 1990s with FASB 106 (Financial Accounting Standards Board). For public employers, it will be the GASB 45 (Government Accounting Standards Board) requirement that becomes effective in employer plan years after December 2006.

The need for retiree health coverage, however, has never been greater. Health care increases outstrip wage and CPI increases regularly. Retirees are most vulnerable because of their fixed incomes and numerous other critical factors.

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  • 122.40 KB File Size
  • October 12, 2005 Create Date
  • January 21, 2020 Last Updated
Issues in Retiree Health Coverage