Rahm completes 3- year phaseout of retiree subsidy for health care

CHICAGO SUN-TIMES  – By Fran Spielman

For those who retired on or after July 1, 2005, the subsidy will also be cut in half and vary with longevity. It’ll go from 20 to 25 percent to 10 to 12.5 percent.

Mayor Rahm Emanuel has already ordered sharply higher health care contributions from 313 City Hall bureaucrats, including himself.

On Friday, the mayor lowered the boom on retirees by completing a three- year phaseout of the city’s 55 percent subsidy for retiree health care and assuming that a lawsuit that seeks to reinstate the subsidy of $ 108.7million a year falls flat. read more…..