Tighter Municipal Budgets Shrink Retiree Health Benefits – The Wall Street Journal

America’s retired workers are getting squeezed on their health care.

Cities and states can’t afford to keep the same medical benefits they promised government retirees.

For all 50 states combined, revenue declines for 2020 and 2021 could reach 13% cumulatively, according to Moody’s Analytics projections, while the average cost of an employer…

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