At a recent town financial forum in Belmont, a number of residents questioned whether we should continue to promise subsidized health plans for retirees from state and local government jobs. In this post I’d like to sketch a possible response to the problem and get some feedback.
One of the critical issues before the Public Service Committee this year is retiree health care benefits. We recently held a hearing on the issue which Anne Landry has summarized — see below. I will be working closely with my colleagues to study the issue over the weeks to come. I welcome your thoughts and […]
The final report of the OPEB commission came out last week. The report maps out $10 to $20 billion in savings.
Key resources on this issues include: Mass Taxpayers Foundations report on municipal liabilities. Pioneer Institute White Paper: The Elephant in the Room: Unfunded Public Employee Health Care Benefits and GASB 45. Actuarial Valuation Reports for the Commonwealth. Federal Reserve Bank overview brief..