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legacy cost

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legacy cost
The financial expense of supporting retiree benefits, including pensions, heath care, and insurance. Legacy cost is especially burdensome for mature companies with declining markets and a shrinking labor force.


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Whereas, Lane County commissioners acknowledge that employee legacy costs are the fundamental cause of the structural financial deficit in the county budget that results in severe cuts in services and public health to the poor, and safety services (vital services);
There are really no legacy cost barriers amongst the mini-mills as there are amongst the integrated mills in terms of retiree and medical costs.
On-demand solutions address these issues by providing an attractive alternative to legacy cost management applications - standardizing and simplifying processes, while reducing technology risks.
 
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