Financial Services Industry
Industry: Email Alert RSS FeedFunding options for retiree medical benefits.(BENEFITS)
Financial Executive, April, 2008 by Bachler, Kevin L.; Hauptman, David S.
"Retirement readiness" is a term used to gauge how financially prepared baby boomers are to transition away from the workforce into their golden years. It might also serve to describe the optimum level of assets a corporation must accumulate to cover the retirement expenses for their baby boomers--not only for pensions, but health care expenses as well. Fortune 1000 companies have long provided post-employment medical coverage for their employees, but are now facing uncertainty regarding the best approach for funding this increasingly expensive retirement benefit.
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In fact, determining the proper funding strategy can be just as challenging as deciding whether or not to continue to absorb rising healthcare costs for a growing...
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