San Diego City Council Approves Retiree Health Plan
On Tuesday, the San Diego City Council voted 6-2 to grant final approval to a city retiree benefits plan that is projected to save $714 million in health care costs over 25 years. The city's six labor unions have endorsed the plan, which guarantees future health care allowances for 7,440 current employees. However, the plan also requires some workers to contribute as much as $1,200 annually to the benefit.
- "City Retiree Health Care Deal Could Save $714M" (Gustafson, U-T San Diego, 1/24).