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Why is the company adjusting future contributions for participants enrolled in the Retiree Health Program?

April 26, 2017adjusting COMPANY contributions Enrolled future Health participants program retiree

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Why is the company adjusting future contributions for participants enrolled in the Retiree Health Program?

1 Answer

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Medical costs have been increasing at a significant rate over the past few years. This increase is expected to continue into the future. The company is not obligated to make contributions to the Retiree Health Program, but if it decides to do so, it will limit the amount it contributes to the program.