Home > Uncategorized > Feds Offer $5B to Shore up Early Retiree Coverage

Feds Offer $5B to Shore up Early Retiree Coverage

May 4, 2010
Tuesday, 04 May 2010 06:52 AM
 

Trying to entice cost-weary employers to keep providing medical coverage to early retirees, the Obama administration is making $5 billion available until the safety net of the new health care law is in place.

Older baby boomers working for large companies — and looking to downshift to less-demanding employment— could be the immediate beneficiaries.

Large companies and labor unions successfully lobbied to include the early retiree subsidy in the broader health overhaul.

Advertisements
Categories: Uncategorized Tags: , ,
%d bloggers like this: