Illinois Review –
SPRINGFIELD – Starting in January 2014, the City of Chicago plans on phasing out the 55 percent subsidy they pay for retiree health insurance for the city’s 30,000 retired employees.
After that, the city’s retirees will then be forced to pick a healthcare plan from the State’s Obamacare Exchange.
Legislation setting the city’s planned relief into action is SB 1584, which passed Tuesday in the Illinois House. SB 1584, sponsored by Speaker Madigan’s lieutenant State Rep Barbara Flynn Currie (D-Chicago), would put all Chicago Police, Fire, Municipal and Laborer retirees on the path to Obamacare public health coverage as of December 31, 2016, a Republican House staff analysis says.
Four Democrats and all Republican House members voted against SB 1584.
This city’s pay-in provision of 55 percent is currently set to expire June 30, 2013, so while this is an extending retiree health care benefits, it allows the City of Chicago to end the practice at any time it decides to end offering retiree healthcare.