August 25, 2010

Q&A: The forum presentation mentioned that current employees with a certain age and years of service could be grandfathered under the current plan and not have a change. The figures quoted were age 40 and 10 years of service. Are these the figures going forward as a recommendation from the task force?

Grandfathering provisions for eligibility for retiree health insurance are among the task force recommendations in order to mitigate the impact of proposed changes on those employees who are near retirement.  The recommended formula for a grandfathering provision is age plus service greater than or equal to 50 for employees with at least five years of service.