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FASB defers decisions on pension asset disclosures

FASB was unable to agree on new employer disclosures about retirement plan assets at its July 16 meeting, directing staff to pursue two alternatives for review at a future meeting. The board also decided not to provide any guidance on "significance". (Select News, 16 Jun 2008) More   

From Mercer

Prepare now for 2009 retiree drug subsidy

Applications for the 2009 Medicare retiree drug subsidy (RDS) are due by Oct. 2 for calendar-year plans, so employers should start the process now. The RDS requires annual applications, even from sponsors that previously received the subsidy. (GRIST, 23 Jul 2008, 1 page) More  | Article 

Social Security and Medicare News -- Q2 2008

The latest newsletter summarizes often-overlooked provisions in the Senior Citizens Freedom to Work Act of 2000, answers frequently asked questions about the future of Social Security and gives details about the Medicare Part B premium. (Mercer, 17 Jul 2008) More | Article

Health and benefit plan developments, Q2 2008

This document lists, in reverse chronological order, significant legal developments in the health and benefit area during the second quarter of 2008. (GRIST, 16 Jul 2008, 10 pages) More  | Article 

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Library

Savings needed to fund retiree health expenses

A couple with employment-based retiree health benefits to supplement Medicare would need between $154,000 and $376,000 in savings to cover health insurance premiums and out-of-pocket expenses in retirement, according to this analysis. (Employee Benefit Research Institute (EBRI), 5 Jun 2008, 28 pages) More  | Article 

Sticker shock: Retirement health care costs

Proactive organizations are trying to educate their employees on retirement health care costs and cost-saving strategies in an effort to combat employee tendencies to underestimate these costs, this article reports. (Human Resource Executive, 2 Jun 2008, 4 pages) More  | Article 

State, local government response to retiree health

At a recent forum held by the Federal Reserve Bank of Chicago and the Civic Federation, participants discussed state and local government strategies to finance and administer public retiree health care benefits. (Chicago Fed Letter, 14 May 2008, 4 pages) More  | Article 

Can VEBAs alleviate retiree health care problems?

"Both private- and public-sector unions and employers can draw important lessons from the defeasance VEBA agreed to by the UAW and GM, which will deploy innovative tactics to distribute cost and risk amongst the company, workers and retirees." (Harvard Law School, 8 May 2008, 30 pages) More  | Article 

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