Tag: retiree health care

Retiree health insurance would add 25 percent to state payroll costs

Maryland would need to add more than 25 percent to its overall payroll cost if it is to catch up to its commitment to provide its retirees with health care, according to a recent report on nationwide public retiree health care costs.

The report, from the Center on State and Local Government Excellence, says Maryland’s liability of about $14.5 billion for retiree health care would require a $1.1 billion annual payment if the state were to fund the program in full.

Read More