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Michigan State Ends Retiree Health Benefits for New HIres

Michigan State Ends Retiree Health Benefits for New HIres
April 14, 2010

Michigan State University announced Tuesday that it is ending the practice of offering retiree health benefits to new employees, starting July 1, The Lansing State Journal reported. Current employees will continue to be covered. The announcement said that that Michigan State's current liability from those benefits is about $1 billion and "is expected to double every 15 years through 2040 if unabated."

 

 

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