October 14, 2008
Rhode Island: Retire now or pay later
In Rhode Island, state workers were given a choice: retire by September 30 or pay more health insurance benefits when you eventually retire.
Stateline.org reports:
Rhode Island's decision to charge workers more for health benefits if they're still on the job after Sept. 30 resulted in more than 1,250 employees retiring this year, including the acting Medicaid director, the state welfare agency's budget chief and almost one-fourth of the Department of Environmental Management
Rhode Island workers who retire after September 30 will pay at least 20 percent toward the cost of lifetime health insurance benefits. Those retiring earlier pay 10 percent.
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