11/01/03 - A Look Ahead

The annual cost evaluation and“service-based” subsidy should help align retiree claim costs with contributions received. In addition, July negotiations added $.15 per hour effective June 1, 2003 and another $.15 per hour effective June 1, 2004 to retiree medical coverage for the 2003-2005 bargaining period. These contributions will help strengthen reserves for paying future retiree claims. The Board remains committed to maintaining the viability and effectiveness of retiree medical coverage. These two changes should be instrumental in this process.

If you have questions about this change, please contact the Eligibility Department at the Trust Office.■