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What trade-offs were considered when considering this change to extended retiree medical coverage?

April 26, 2017considering coverage extended medical retiree trade-offs

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What trade-offs were considered when considering this change to extended retiree medical coverage?

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Eligible retirees are asked to pay a larger share of the premiums, and the prescription drug program generally is not as generous. Eligible retirees with more years of credited service after age 45 (up to a maximum of 20 such years) will receive a larger University subsidy.