Sunday, October 21, 2007

RH Jones: Retiree HC cost neutral for taxpayers!

From RH Jones, October 21, 2007
To all:
Retiree HC cost neutral for taxpayers!
In talking to an ex-public school district board member, regarding HB 315, I was told that indeed: “Due to inflation of the dollar, over the 5-yr, “smoothing” period provided in the HB315, the modest 2.5% employer increase would be cost neutral for the 700 school districts.”
I thought: why should this be? Then I realized that inflation is usually at least 3-4% per year. So, therefore at the modest 2.5% spread over those years, everyone wins. And a win makes everyone happy!
RHJones, a proud member of CORE
Larry KehresMount Union Collge
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