Daily News: ‘City May Cap Retiree Health Outlay’

In an article in today’s LA Daily News, LA City CAO Miguel Santana explicitly states that if the Coalition of City Unions’ proposed contract amendment isn’t ratified, “city employees who retire after June 30 [will] pay 100 percent of the increase in their health care costs.”
The City currently pays 100 percent of retiree health care costs. But if the amendment is not ratified, the City will “freeze the amount it pays for retirees’ health care at current levels,” according to the paper. Retirees will then have to make up the difference in the cost of health care by dipping into their own savings.
Read the full story here.