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UNM Retiree Healthcare Information

This page has been created for UNM employees and retirees as a resource for information and updates on how the University is approaching the solvency of the current retiree healthcare plan.

Providing for healthcare is an important part of retirement.  We are fortunate in that UNM offers an employer-provided healthcare plan that carries over to retirement. The UNM Regents have recognized that the program is currently unsustainable, and have tasked the President to assemble a team to identify options for managing the unfunded actuarial accrued liability. In evaluating options for fiscal solvency, it is the intent of the University to preserve the program, while adapting to ensure its future viability.

Please bookmark this page or check back for updated information. 

Staff Council Updates

Staff Council would like to inform you about the Retiree Healthcare Task Force and the work they are doing.

The Staff Council Office has received many inquiries regarding the Retiree Healthcare Task Force (RHTF).  President Elect Gene Henley and the staff representatives that serve on the Task Force have written the following summary of the work they are doing.

Last month, President Frank, Staff Council President Mary Clark and Faculty Senate President Amy Neel appointed members to a Retiree Healthcare Task Force as directed by the Regents. This Task Force has been asked to return with solvency recommendations for the Board of Regents beginning with a report to the Audit Committee in February, 2013. NO ONE is passive about this as this affects not only current retirees and current employees but future recruiting efforts for faculty and staff.

Those appointed to the Task Force from the Staff Council include Hans Barsun, Faculty Staff Benefits Committee Co-Chair, Carol Bernhard and Karen Mann, who served as members of the previous Retiree Healthcare Task Force convened in 2010 and Gene Henley, President-elect of Staff Council and one of your grade 15 representatives, All those serving are committed to finding several alternatives to solvency to present to President Frank.

The Task Force has been meeting weekly since mid-December and are currently requesting different scenarios from the actuaries so they may have an idea of the impact any projected changes will have on the various constituencies. They will have a much better idea by the end of this month.

The Staff Council will keep you and all employees informed as things become a little clearer.

Updates : December 2012 - Board of Regents approves a resolution to inform all employees that the retiree medical plan is under review and subject to change to ensure solvency.

Historic Context

  • March 1987 - Policy 3600 on employee benefit plans went into effect. 
  • 2007 - The Governmental Accounting Standards Board began requiring public employers to post future cost of retiree medial plan for all current employees and retirees on their Balance Sheets.
  • July 2007 - UNM engaged Gallagher Benefits Services/Healthcare Analytics to perform an actuarial valuation which reported UNM’s postemployment benefit plan liability was $92.3 million.
  • July 2009 - UNM engaged Gallagher Benefits Services/Healthcare Analytics to perform an actuarial valuation which reported UNM’s postemployment benefit plan liability was $131.8 million.
  • Spring 2010 - UNM Human Resources established a Retiree Health Care Task Force including faculty, staff, retirees, and administrators, which made recommendations to strike a balance between offering competitive, attractive benefits, and achieving long-term financial stability.
  • March 2011 - UNM Retiree Health Care Task Force issues report and recommendations. 
  • July 2011 - UNM engaged Gallagher Benefits Services/Healthcare Analytics to perform an actuarial valuation which reported UNM’s postemployment benefit plan liability was $152.6 million.
  • July 2011 - New eligibility rules went into effect reducing the Universities contribution to early retirees.

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