Public-Sector Retiree Health Care Benefits are Unreasonable
In addition to biweekly paychecks, Michigan state employees receive something few others in the workforce enjoy: a claim on future taxpayers for even more. Specifically, the cost of taxpayer-funded health care benefits after retirement. This should stop and could now that House Bill 4701 has passed the House.
The claim is on future taxpayers because legislators and governors have refused to pre-fund retiree health care benefits in advance, as they do for regular pension benefits. So every payday, the state digs a little deeper hole for taxpayers, piling up these politicians’ promises to pay post-retirement benefits, regardless of how much those future health benefits will eventually cost.
Yet these remain mere “politicians’ promises” because the state has no legal obligation to actually pay — policymakers can adjust benefits any way they’d like.
State employees apparently believe that they and all future employees are entitled to these costly benefits. In testimony before the House Appropriations committees, they and their representatives argued that benefits as they exist now are part of a contract of employment guaranteed to them for life and for all future workers. They believe this despite Supreme Court rulings to the contrary and despite having no contract document or even verbal promise guaranteeing this benefit. The only “contract” is a state statute that is amended frequently, including last year.
The cost of this benefit has already become an excessive burden. This year taxpayers will pay $387 million to provide health coverage to thousands of former government workers. That’s more than double the $166 million paid out annually a decade ago. The cost increases show no signs of abating.
Few if any current workers in the private sector get similar benefits. A Center analysis of these retirement benefits offered by 24 major private-sector employers in Michigan found that only three offered any sort of employer-subsidized retiree health coverage.
payday advance loan michigan - News
(WOOD) - State regulators ordered a hefty fine for a business they said acted as a cash advance store with out a license. Pay Day Now, which also operated as Cash Now XXXII, has been fined $50000 and ordered to end all loan activity by the state.
By Zane McMillin | The Grand Rapids Press GRAND RAPIDS — The operators of Pay Day Now LLC, a Grand Rapids loan company, were fined $50000 for operating without a license, the state Office of Financial and Insurance Regulation said Thursday.
The claim is on future taxpayers because legislators and governors have refused to pre-fund retiree health care benefits in advance, as they do for regular pension benefits. So every payday, the state digs a little deeper hole for taxpayers,
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The winners play one week later to a payday that would buy a lot of tennis balls for Colorado and Iowa State. Last August, the Pac-12 and Big Ten athletic directors supported a Plus-One in a straw poll, and in 2008 the SEC and ACC proposed a Plus-One
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