Logan Moore
speaker
33 appearances
1 recordings
1 series
first heard Nov 2020
last heard Nov 2020
Logan Moore’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsNo recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.
Appearances
What we've seen with COVID is a lot of states not having any sort of revenue coming in from taxes and tourism, which has made things really hard.
Yeah, thanks for having me.
It's gotten really hard.
Recently, we've seen record revenue declines that are pressuring cities and states to reduce health care benefits for retirees.
And it varies from state to state, but some of them have eliminated these benefits entirely or have offered some sort of stipend instead.
Yeah, that's right.
And now what we've seen with COVID is a lot of states not having any sort of revenue coming in from taxes and tourism, which has made things really hard.
So there were 17 states as of December 2019 that haven't accumulated any assets to pre-fund additional benefits like healthcare.
And only three states have funded ratios for these types of health care benefits that are above 75%.
That is the amount of money that a fund has that is available for people to receive these benefits.
So a funded ratio above 75% is typically considered pretty good.
That means that there is a 75% chance that that state will be able to pay its retirees the benefits that it has promised them.
A lot of things that I've seen in my reporting have been related to people who actually find their own insurance on the marketplace because they aren't really satisfied with the benefits being offered as they've been adjusted over time or the stipend just isn't enough for them to, you know, take care of themselves or the rest of their families.
If we use the Ohio Police and Fire Pension Fund as an example, they used to offer what we would call a group health care plan in which they sort of negotiated with the broker to set plans in place about what sort of benefits would be offered and where retirees could go to get medical care.
And so instead, they have eliminated that and instead put in place a stipend in which retirees receive a check.
monthly so that they have the opportunity to go out and purchase these plans themselves on the open marketplace rather than have it planned out by the fund.
Yeah, it's been really challenging for some people.
I actually spoke to a retired firefighter in Canton, Ohio, who had said that, you know, if he wasn't qualifying for Medicare next year, he would have had to work a lot longer.
He retired back in 2013.
I also spoke with a teacher in Ohio who is part of the state retirement teachers fund.
Showing 1–20 of 33 · page 1 of 2
Next →