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Future Changes to Retiree Health Care Benefits Adopted
(Posted Feb. 10, 2011)

Michigan Model for financial strategy & cost control buttonThe university will adopt the recommendations for change made by the Committee on Retiree Health Benefits (CORHB), but with an accelerated overall timeline for implementing the long-range plan. Appointed in late 2009, the committee’s recommendations were given to the university’s executive leadership during the past summer and have been under consideration since then to determine the final timeline for the gradual implementation.

The committee recommended specific changes to retirement eligibility rules and the amount of university contributions toward the coverage of retirees and their dependents. These adjustments will work together over time to help control growth in the university’s retiree health care costs. Implementation is slated to begin on Jan. 1, 2013 with long-term changes that meet key institutional priorities including:

  • Retaining overall market competitiveness
  • Providing time for current faculty and staff to plan for and manage changes in eligibility and contributions
  • Achieving graduated degrees of impact so that the greatest impact would be on future employees, followed by faculty and staff not yet eligible to retire, then faculty and staff who are currently eligible to retire, and the least impact on current retirees.

Campus information forums
One-hour information sessions are planned for the Ann Arbor, Dearborn and Flint campuses.
For details and registration >>

The presentation also is available as on-demand video.
View the video presentation >>

 


Letters to the Faculty and Staff Community

02.10.11     Future Changes to Retiree Health Benefits Adopted

02.19.10     Retiree Benefits Discussion Groups to be Held

03.20.09     Health Care and Retirement Savings Plan Changes

11.21.08     Stewardship of Benefits Information Forum

09.04.08     Committees to Study Health Care and Retirement Benefits


News

02.14.11    Future changes to retiree health care benefits adopted; campus information sessions scheduled

03.09.10     View slides from retiree benefits discussion groups

12.15.09     Committee on retiree heatlh benefits to be formed

04.06.09     Benefit changes discussed at campus forums

03.20.09     What leaders are saying about the need for change

12.09.08     Forum: U-M committed to affordable health care

11.26.08     Campus benefits information forum set

09.09.08     New committees to recommend future benefit changes

09.09.08     University searches for remedy to mounting health care costs