Chicago City unions brace for panel’s report on retiree health-care crisis (Chicago Sun Times)

January 10, 2013 – Union leaders are bracing for an explosive new report on Chicago’s $800 million retiree health-care crisis that could set the stage for higher contributions from 35,000 retirees, reduced benefits or a lethal mix of the two. On Friday, a retiree health-care commission appointed by former Mayor Richard M. Daley and overhauled by Mayor Rahm Emanuel will deliver its long-awaited report, less than six months before a 10-year settlement agreement that calls for the city to share costs with retirees is due to expire. Union leaders fear Emanuel will use the threat of retiree benefit cuts and increased contributions as leverage to achieve pension reforms.

Link to Full Article: http://www.suntimes.com/news/17483995-418/city-unions-brace-for-panels-report-on-retiree-health-care-crisis.html

 

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