Regents Approve Health Benefit Change for Retirees

9:27 AM, Oct 11, 2012   |    comments
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ATHENS, Ga. (AP) - The Georgia Board of Regents has approved a plan that will mean future University System of Georgia retirees will pay more for their health insurance.

The Athens Banner-Herald reports that the board made the decision at a meeting Wednesday in Athens.

Officials say the new policy limiting what the state will pay for retiree health benefits will not affect current employees of the University of Georgia and other Georgia public schools and colleges. The change will only apply to people hired after Jan. 1, 2013.

Under the new policy, the state will contribute to retirees' health insurance coverage based on how long a person has worked for the university system when he or she retires.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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