One needs not be a genius to realize that a $25 a month healthcare benefit within a backdrop of sharply rising healthcare cost afforded by the monopoly powers of the Affordable Care Act of 2010 won't cut it for Chicagoan public sector retirees. In other words, they're screwed, which is the main reason why this ruling was released on Thanksgiving eve, a day in which the majority of Illinois taxpayers were distracted by travel and family.
Headline: Illinois Supreme Court’s health care ruling will cost city retirees
More than 20,000 city employees and retirees have been dealt a crushing blow that could cost them dearly, but end up saving Chicago taxpayers $130 million a year.
In a six-word ruling on Thanksgiving eve, the Illinois Supreme Court refused to hear the retirees’ appeal of a state Appellate Court ruling that essentially upheld Mayor Rahm Emanuel’s now-completed, three-year phase-out of retiree health care coverage and a 55 percent city subsidy for anyone who did not retire by Aug. 23, 1989.
Clint Krislov, an attorney representing the retirees, said the decision means those retirees are entitled only to bare-bones protections outlined by lower courts.
“For the city, this is a huge benefit. The amount they’re paying is dropped from $137 million a year to between $7 million and $8 million,” Krislov said Monday.
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