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Retiree Health Plans for Public School Teachers after GASB 43 and 45

Author

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  • Robert L. Clark

    (Department of Economics, North Carolina State University)

Abstract

Most public elementary and high school teachers are covered by health insurance provided by their employer while they are employed. In most cases, these health plans are managed at the state level. At retirement, teachers with sufficient years of service are allowed to remain in the health plan. Retiree health plans for teachers vary widely across the country, with some states paying the full premium for the retired teacher while other states require that the retiree pay 100 percent of the premium. Recent changes in the accounting rules now mandate that public sector employers report the accrued liabilities associated with these plans. This article documents the unfunded liabilities of teacher retiree health plans in the various states, examines the reasons for differences in these liabilities, and considers how these plans might evolve in the future. © 2010 American Education Finance Association

Suggested Citation

  • Robert L. Clark, 2010. "Retiree Health Plans for Public School Teachers after GASB 43 and 45," Education Finance and Policy, MIT Press, vol. 5(4), pages 438-462, October.
    • Handle: RePEc:tpr:edfpol:v:5:y:2010:i:4:p:438-462
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    File URL: http://www.mitpressjournals.org/doi/pdf/10.1162/EDFP_a_00009
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    Citations

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    Cited by:

    1. Alicia H. Munnell & Jean-Pierre Aubry, 2016. "An Overview of the Pension/OPEB Landscape," Working Papers, Center for Retirement Research at Boston College wp2016-11, Center for Retirement Research.
    2. Lutz, Byron & Sheiner, Louise, 2014. "The fiscal stress arising from state and local retiree health obligations," Journal of Health Economics, Elsevier, vol. 38(C), pages 130-146.
    3. Clark, Robert L. & Mitchell, Olivia S., 2014. "How does retiree health insurance influence public sector employee saving?," Journal of Health Economics, Elsevier, vol. 38(C), pages 109-118.
    4. Clark, Robert L. & Morrill, Melinda Sandler & Vanderweide, David, 2014. "The effects of retiree health insurance plan characteristics on retirees’ choice and employers’ costs," Journal of Health Economics, Elsevier, vol. 38(C), pages 119-129.
    5. Byron Lutz & Louise Sheiner, 2013. "The Fiscal Stress Arising from State and Local Retiree Health Obligations," NBER Chapters, in: State and Local Health Plans for Active and Retired Public Employees, National Bureau of Economic Research, Inc.
    6. Robert L. Clark & Melinda Sandler Morrill, 2010. "Retiree Health Plans in the Public Sector," Books, Edward Elgar Publishing, number 13688.
    7. Clark, Robert L. & Morrill, Melinda Sandler, 2011. "The funding status of retiree health plans in the public sector," Journal of Pension Economics and Finance, Cambridge University Press, vol. 10(2), pages 291-314, April.
    8. Byron Lutz & Louise Sheiner, 2014. "The Fiscal Stress Arising from State and Local Retiree Health Obligations," NBER Working Papers 19779, National Bureau of Economic Research, Inc.

    More about this item

    Keywords

    health insurance; teacher health plans; retired teachers;
    All these keywords.

    JEL classification:

    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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