Restricting Retiree Benefits

A vast majority of employers plan to curtail their medical plans for current and future retirees in the next five years.

According to a new study, only 5 percent of employers do not expect to place any additional restrictions on their medical benefits for future retirees over the next five years, and 7 percent do not expect to implement further restrictions for current retirees, according to a survey of 163 mostly Fortune 500 companies by Watson Wyatt Worldwide, a global human capital consulting firm.

Fourteen percent of employers plan to eliminate the benefit entirely for future post-65 retirees, and 6 percent plan to eliminate it for their current post-65 retirees.

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