Random Musings of a Curious Mind


"It is an old maxim of mine that when you have excluded the impossible, whatever remains, however improbable, must be the truth."
-Sir Arthur Conan Doyle, The Adventures of Sherlock Holmes, "The Beryl Coronet"

Wednesday, December 26, 2007

Protection for Retiree Benefits

Finally, some good news for Medicare-eligible retirees. In 2000, the US Court of Appeals ruled that employers had to provide the same benefits to older retirees that they provided to younger retirees, or spend the same amount to cover both groups. Prior to that ruling, employers coordinated benefits with Medicare or provided bridge-coverage until retirees were eligible for Medicare.

Rather a foolish decision, if you ask me. In response, unions and employers - rightly - pointed out that this was a cost-prohibitive change, putting retirees at risk for losing health benefits. The EEOC took up the cause and, luckily, corrected the situation. As of today, sanity has been restored.




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God Bless!

Jules

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