More than 21,000 retired city employees under age 65 will pay 15 percent more for their health insurance — an increase a union official called “alarming” and an expert said spotlitghts a $1.3 billion unfunded liability for Chicago taxpayers.
Beginning July 1, their health insurance premiums will rise by $89-a-month — from $626 to $715. The monthly cost for Medicare-eligible couples will decline by $20 — from $217 to $197.
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