Article
The changing world of HR
Faced with an adverse legal decision and skyrocketing benefits costs, Orange County, Calif., is pushing hard to reduce its pension and healthcare expenditures that have continued to rise, despite declining revenues, in recent years.
Employees now share in the contributions to their pension plans, pick up more of their healthcare expenses and hold slim prospects for an increase in wages or even small adjustments to keep up with inflation.
Faced with an adverse legal decision and skyrocketing benefits costs, Orange County, Calif., is pushing hard to reduce its pension and healthcare expenditures that have continued to rise, despite declining revenues, in recent years. Employees now share in the contributions to their pension plans, pick up more of their healthcare expenses and hold slim prospects for an increase in wages or even small adjustments to keep up with inflation. “If there was a truck full...
