Today, employers continue to struggle with five primary issues when considering how to address their retiree health care benefit challenges:
|
 |
 |
What the employer promised to its retirees related to the amount of benefits they will receive?
|
|
What the retirees heard about their benefits and the amount of benefits they believe they will receive?
|
|
What the employer can afford to pay for retiree benefits?
|
|
The employer’s social obligations and commitment to the community and the overall financial impact that offering or eliminating benefits has on the employer’s retirees.
|
|
The employer’s competitive pressures.
- Has their competition eliminated their retiree benefits and are they now more cost effective?
- Does the employer offer a more attractive benefits package than the competition?
- How does the amount of benefits offered impact costs and recruiting potential in today’s labor market?
|
