Steve Friedman Discusses Outcome of New EEOC Rule on Medicare

Facing the complete elimination of retirement benefits by many organizations due to increasing health care costs, the Equal Employment Opportunity Commission (EEOC) has enacted a new rule that allows employers to reduce or eliminate retirement benefits for those retired employees who are eligible for Medicare. Littler attorney Steve Friedman explains the ramifications of such a rule. "The EEOC rule allows employers to save money on retirees with Medicare benefits, and may encourage some employers to preserve programs for younger retirees in the face of ever-increasing health care costs," said Friedman.