Definitions
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun Alternative spelling of
gainsharing .
Etymologies
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Examples
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On the private insurance side, where interest in ACOs is high, enrollees whose physicians are successful in an ACO format ought to see lower premiums as part of the gain-sharing calculus.
Can Accountable-Care Organizations Improve Health Care While Reducing Costs? Anna Wilde Mathews 2012
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"Huh?" asks how one budgets for stabilization with a gain-sharing system in place.
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How does one budget for stabilization with a "gain-sharing system" in place?
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You also omit to note that Gregoire proposes elimination of the extraordinary pension benefit called "gain-sharing," which accounts for a large portion of the unfunded liability in Plan 1.
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The answer is that the state makes a projection of the likely frequency and amounts of gain-sharing payments 25 years or so into the future, based on historical investment experience, and builds that projected liability into contribution rates on an ongoing basis.
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By proposing to eliminate gain-sharing, she also significantly reduces the size of the unfunded liability.
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The reason gain-sharing became an issue when it did was that between 1998, when gain-sharing was enacted, and 2004, the state had operated on the assumption that it could fund gain-sharing on a pay-as-you-go basis.
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But we can give her a little credit for proposing to get rid of gain-sharing in this budget.
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In 2004 a new State Actuary determined that the state was required to recognize gain-sharing as a material liability of the system and to recognize its costs in present contributon rates; that it must, in other words, "pre-fund" gain-sharing.
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Also, I agree getting rid of gain-sharing is to her credit, if the Legislature sticks to it.
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