Quantcast
Home / budget / Tucson expecting to save money with retirements

Tucson expecting to save money with retirements

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.

Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

 

x

Check Also

money-dollar-620

Arpaio has raised $725,000 over last month in campaign money

Sheriff Joe Arpaio has raised $725,000 over the last month in his bid for a seventh term as Maricopa County's top law enforcer.