Tucson expecting to save money with retirements
Published: December 14, 2010 at 11:37 am
TUCSON – Tucson expects to see almost 300 members of its city work force retire by the end of 2011.
The Arizona Daily Star says 283 employees signed up to take advantage of an expiring health care benefit in which the city is subsidizing 75 percent of city workers health-insurance premiums until they reach age 65. The coverage extends to dependents and families.
If employees had not met the deadline this month to sign up to retire by 2011, many of their health-insurance premiums would have nearly doubled or worse.
If they retire now, the city pays 75 percent of the premium regardless of the increase.
The 283 future retirees earn salaries totaling $16.6 million.
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