Saginaw City Council OKs changes to retiree health care benefits
Tue, 14 May 2013 02:33:36 GMT —
The Saginaw City Council approved changes to retiree health care benefits in an effort to reign in legacy costs.
Under the changes, retired city employees will have to pay higher deductibles and co-pays.
Saginaw manager Darnell Earley said the move will save the city at least a couple of million dollars a year.
340 current full-time city staffers have already taken pay freezes, cuts to sick-time and changes to their health care benefits.
"It's something that we need to do and we've known for a while that we need to do it, my only concern is that it's come up rather quickly,â?? Mayor Greg Branch said.
Letters informing retirees about the changes will be sent out Tuesday.
Informational meetings are scheduled for June 11, 14 and 25. The changes go into effect July 1.
The council also approved an agreement with Bancroft Saginaw LLC to sell city property that will be used as parking for tenants in the renovated Bancroft and Eddy apartments.