Savings announced from new health plan for retired teachers

State Treasurer Beth Pearce said Thursday that her office has completed negotiations for a contract to provide health insurance to retired teachers in the state.
The one-year deal will save the state more than $550,000, while also saving retired teachers over age 65 a total of $110,000, according to Pearce. That’s because it reduces premiums for Medicare-eligible teacher retirees by 2 percent while maintaining the current rate for those who are not Medicare-eligible.
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