Current vested workers—uniformed workers with ten or more years service and non-uniformed workers with eight or more years—will cease accruing additional benefits when the plan takes effect on January 1. Future cost-of-living adjustments for all workers, retired as well as current, will be eliminated. The move follows the announcement of a plan to eliminate retiree health care benefits, forcing retirees over 65 onto Medicare and giving the rest a subsidy to purchase private insurance.
Posted on: Sun, 29 Sep 2013 21:15:37 +0000
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