Sustaining Public Sector Retiree Health Care in the COVID-19 Era and Beyond

After years of funding pressure on the cost of OPEB benefits, the ongoing impact of the COVID-19 pandemic for state and local governments means retiree health care benefits could become a target for deep budget cuts. Reducing benefits for valued retirees is a last resort and painful for all concerned, but there is another option. Laura Rich, executive officer for Nevada Public Employees' Benefits Program (PEBP), will discuss how PEBP used a Medicare marketplace to:

• Reduce their annual retiree health care contribution by over $100 million per year
• Save retirees money and expand the range of available health care plans
• Decrease their OPEB liability by nearly $900 million

Join this conversation to hear lessons learned from Nevada PEBP and how those lessons will benefit your organization's benefits program during this unprecedented time.