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December 14, 2009

Shame on you, Jay

A retired state worker takes exception to my pointing out that Maryland's spending and liabilities for health-care coverage for retired employees are growing at an unsustainable rate. To cover future retiree medical costs Maryland needs to immediately start appropriating $600 million a year -- as much as will be raised by slot machines if they ever arrive. Liabilities have hit $16 billion and are growing by a billion dollars or so every two years. As in so many other areas of government, we're spending way over our budget. The retiree wants to keep these benefits because they are "hard earned." I'm sure state employees worked hard for these benefits. But the benefits are costing far beyond what either the state or the employees have contributed. What should be done? Here's the note from the retiree:

Here you go again. First you slam AARP, now you're hitting on State Retirees. I am one of those people. When I retired in 2001 from State Service with 36 years, I was promised, on my last day of work, the benefits I now receive for a life without frills. Pick on the real culprits of this problem....drug and health companies with their creamy salaries and profits. The Blue Ribbon Committee you mentioned are waiting for your Republican Congress to let a health bill pass before they act. That seems reasonable. You should know that the delegates that I've communicated with feel that the solution should NOT be on the backs of retired folks, not even current workers, but on new-hires in the future. At least that's what Delegate Lafferty told me in his phone town-meeting a couple weeks ago. Leave us alone. Do you have parents or grandparents on a pension and you want them to lose any part of their hard-earned benefits !??! No way...Shame on you, Jay.

He has a long memory. I slammed AARP three years ago, when I turned 50 and they started stalking me with junk mail.

Posted by Jay Hancock at 11:10 AM | | Comments (2)
Categories: Health Care
        

Comments

How does the AARP get people on its mailing list, anyway? They've been sending me things for a couple of years, along with assisted living centers. I'm 31. Maybe something I bought for my parents or grandparents triggered it?

I know someone who started getting AARP solicitations while in college. He blamed it on his subscription to Life magazine. It probably was a safe assumption that all of Life readers were 50+.

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About Jay Hancock
Jay Hancock has been a financial columnist for The Baltimore Sun since 2001. He has also been The Baltimore Sun's diplomatic correspondent in Washington and its chief economics writer. Before moving to Baltimore in 1994 he worked for The Virginian-Pilot of Norfolk and The Daily Press of Newport News.

His columns appear Tuesdays and Sundays.
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