Yesterday I posted a short piece about how certain retired city employees will be losing their premium subsidies from the City in January. I understand that the City Council has passed a resolution to provide about $2,000,000 as a safety net for these retirees. The resolution gives the City administration 60 days to come up with a plan for what to do with the money.
If you are a retired city employee you may be wondering if this will be enough money to make a difference. Here is a link where you can find a summary of 2015 City Budget.
According to the budget summary, there are 1,100 retirees over 65 who don’t have Medicare. They will continue to receive their subsidies and are not affected by the cuts.