After hearing an argument to keep them by Mayor Kant, the Council decided to delay a decision on the FAC's recommendation to end providing healthcare benefits (OPEB) for retired city employees between the ages of 55 and 65(when they become eligible for Medicare).These benefits, for current retirees/employees, are costing the city over $600,000 this year--with a total accrued liability of 6.5 million (which will rise when more are hired).
The termination of the benefits, if adopted at the next Council meeting, will apply to new hires only (after Jan 1, 2010): current employees' retirement benefits will not be affected.
After hearing an argument to keep them by Mayor Kant, the Council decided to delay a decision on the FAC's recommendation to end providing healthcare benefits (OPEB) for retired city employees between the ages of 55 and 65(when they become eligible for Medicare).These benefits, for current retirees/employees, are costing the city over $600,000 this year--with a total accrued liability of 6.5 million (which will rise when more are hired).
The termination of the benefits, if adopted at the next Council meeting, will apply to new hires only (after Jan 1, 2010): current employees' retirement benefits will not be affected.
Comments
Employees & families already receive FREE HEALTH BENEFITS! These freebees have got to stop COMPLETELY! We are held up almost at the point of a gun every day, raped of our tax dollars to support the Government freebees. I don't want Gov't to take care of me. I want them to do their job, not buy votes to keep these idiots in office at evey level.