Responding to my post about Thursday’s Illinois Supreme Court action on city pension benefit theft, Pasqual and Jack, two Chicago retirees, talk about their own situations.
We hope Fred.
With age and experiences of all kinds, mistrust of anything pertaining to fairness or “doing the right thing” becomes mighty hard to swallow.
April 1st I will begin my 13th year of retirement. Neither my brothers and sisters nor myself have become rich in this. The 3% cola always kept us a little ahead (depending on title and earnings at retirement) of our monthly health care contribution. Our own pension board (which is rigged with city hall suits and a now a backstabbing union who bows to the tutu boy from Wilmette) has sided with the city lawyers to paint a picture of us as fat cats on the taxpayers dime because of this 3% cola.
But they don’t mention another lawsuit we have going that another promised benefit is being greatly raised monthly and in 2017 will be gone.
That is our health care.
They act as if they have given us riches when in fact they never mention how much they have raised our healthcare since 2013. I was paying $688 per month for 2 non-Medicare whereas now I pay 1,812. per month for 2 non-medicare.
And this is our last year of any healthcare.
But hot damn we are getting rich over that 3% according to the city. That healthcare increase is over $1,100 per month more in 2.5 years. As it stands right now if we lose Thursday ruling in my instance I will be making less per month net than I was netting in 2004, 13 years ago. Yes, city law firm and pension board. We retirees are rolling in taxpayers money.
I hear you, Pasqual.
My healthcare premiums are identical to yours. It amounts to be about 30% of my pension. Add in co-pays and out of pocket expenses it could be 40%.
Luckily I was a tradesman so it is not quite as brutal as some people with lesser pensions. I know a guy I worked with and he said it equals 55% of his pay.
Of course, We are fat cat public employees, right?
That being said Krislov Law is handling the class action lawsuit against the city and appears the Judge Cohen has agreed that retirees who started before 1989 are entitled to lifetime health benefits but at what cost and when since the city keeps delaying.
Apparently a ruling is not expected for another 4 to 5 months and maybe not even until next year when city has said it will no longer offer benefits.
We may be forced into Obamacare. Good Luck with that. The co-pays and deductibles are so outrageous that would have to have cancer before it pays for anything.
Well, it is widely expected that the SC will have a favorable ruling in the case of the COLA since they have already ruled in favor of state employees.
But, hell, this is Illinois and anything can happen…