Retiree health insurance: costs more now, available later?

Article Abstract:

Soaring costs of retiree health benefits have become a dilemma for many companies due to earlier employee retirement, increasing life expectancies, and climbing medical costs. Some companies have more retirees than workers, and because retiree benefits are usually financed on a pay-as-you-go basis, unfunded liabilities exist for future health care costs. Retirees in the futures are likely to be paying a larger share of their health-care costs or receiving fewer benefits. Companies may soon set annual or lifetime maximums on retiree benefit payments, link levels of benefits to retirees' years of service, or consider taking actions to slow down the early retirement boom.

Finance, Health insurance, Employee benefits, Insurance, Retirees

---

Reporting quality costs: improvement needed

Article Abstract:

Forty-eight percent of Australian manufacturing firms responding to a survey used all four cost : prevention, internal and external failure, and appraisal costs. The Standards Association of Austalia's Guide to the Determiniation and Use of Quality costs follows the above approach. Reasons for nonuse of these standards were difficulty of estimates, problems with accounting systems, and absence of management support.

Quality Control Management, Accounting and auditing, Quality control

---

Similar abstracts:

• Abstracts: Captive insurance: new avenues. Hong Kong honours: Steve Hui. Tracking super changes
• Abstracts: Shift in student loans increases even more risk to lenders. The continuing indebtedness of our students ... how deep can they get in debt?
• Abstracts: New project draws on contractual approaches to meet EU standards. Letterwriter's Guide to Congress
• Abstracts: Loan workout is key to foreclosure prevention. Forensic accounting: looking for clues. Accounting for Savings and Loan Mergers: Conflict and Accounting Error

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.