For much more on
the retiree health care issue, see the Empire Center report, «Iceberg Ahead: The Hidden Cost of Retiree Health Benefits in New York.»
Not exact matches
Smith said Mittal seemed adamant about reducing
retiree health care benefits, one of the key
issues for the union workers.
A commission chaired by the City of Chicago's Comptroller
issued a report earlier this week which said that Chicago can no longer afford its subsidies for government worker
retiree health care, which currently cost the city $ 109 million annually but would grow to nearly $ 500 million in a decade thanks to projected increases in the number of
retirees and in
health care costs.The commission offered Mayor Rahm Emanuel a series of suggestions on how to change the program to save money, including having workers pay a greater percentage of their own
health care premiums in retirement, but it also concluded that the city might want to simply end the subsidy program, a move which almost certainly would be challenged in court.
This is the same
issue that faces every state in the nation (except Wisconsin) and the Federal Government over their
retiree health care programs; they didn't set aside money for the future payments, but decided to pay - as - it - goes.
EBRI's Retirement Confidence Survey shows that nearly half of
retirees had to leave the workforce earlier than they'd planned, usually due to
health issues, a company downsizing or having to
care for a spouse or other family member.
Then there is the
issue of rising
health care costs for
retirees.
Lisa Tilson,
retiree coordinator with SEIU, said
health care, Social Security, Medicare and Medicaid are not partisan
issues.