Retiree Health Benefits: What the Changes May Mean for Future BenefitsThis Issue Brief addresses a wide range of retiree health issues. It reviews the provisions and impact of FAS 106 and includes a discussion of how companies havSocial Science Electronic Publishing...
State and Local Government Retiree Health Benefits: Liabilities Are Largely Unfunded, but Some Governments Are Taking Action Excerpt] The total unfunded OPEB liability reported in state and the largest local governments' CAFRs exceeds $530 billion. However, as variations between ... JE Dicken,BD ...
How else to explain why a retiree health-care fund controlled by the UAW is going to get a 39 percent equity stake in GM for its remaining 10 billion in Claims while bondholders are being pressured to take a 10 percent stake for their 27 billion? it’s highly unlikely that the auto ...
Carefully review your SPD for details about “retiree health benefits” and information on how your plan works withMedicare and retirement.1You may want to confirm with HR that you fully understand the SPD and see which of your employee benefits, if any, extend into retirement. ...
If you want to keep up your current standard of living as a retiree, the rule of thumb is that you’ll be spending monthly at least 80 percent of what you’re spending now. That other 20 percent you won’t be spending accounts for work-related expenses: gas or public transportation ...
Retiree HRA Keep in mind that employers still have a lot of flexibility when designing each benefit, which is one of the most appealing advantages of an HRA. How does an HRA work? The way HRAs work is simple. HRAs are unfunded notional accounts with no cash value. This means that employe...
Saving for retirement. Managing day-to-day living expenses. Increasing income. Paying down debt. READ: Can You Retire on $1 Million? Here’s How Far It Will Go. "More affluent investors are more interested in protecting what they have. Thus they are more risk-averse and tend to be more...
In 2025, retirees younger than the FRA for the entire year can earn up to $23,400 before any benefits are affected. If your income exceeds this threshold, $1 in benefits is withheld for every $2 earned over the limit. For example, if a retiree under FRA earns $28,400, the income ...
With the average monthly Social Security retirement benefit check at $1,907 in 2024, it can be a big shock to those who earned more while working.7On average, Social Security replaces just 40% of a retiree's pre-retirement earnings.8Although there are ways to maximize it,Social Security ...
Even though our hypothetical pre-retiree has a higher-than-average income and retirement savings, the calculation shows that they are on track to replace only about 64% of their pre-retirement income, a good deal less than the 75% replacement rate they were aiming for. That means they'll ...