Health Insurance

Articles about Health Insurance that may be useful to Massachusetts retirees

Pre-Funding Of Retiree Health Benefits Raised

JULY 1993 - Concept New To Public Sector - Throughout
the 1980’s, the Legislature spent much time and money addressing the
issue of the state’s unfunded pension liability. By most accounts,
Massachusetts had one of the largest unfunded pension systems. It was
estimated that there was as much as a $13 billion shortfall between the
future cost of pensions and the ability of the state and local pension
funds to pay those costs. There was much at stake for both the fiscal
solvency of the state and local governments and for public pensioners.
Pension funding legislation received broad support by not only
management and labor groups but by fiscally conservative watchdog
groups such as Massachusetts Taxpayers Foundation.