The controversial move is aimed at saving Chicago taxpayers $107 million in annual costs that would have ballooned to $307 million by 2018 and $541 million by 2023 if left unchecked, a mayoral commission had warned.

But it means that roughly 10,000 city employees who started working for the city before April 1, 1986, and do not qualify for Medicare will be on their own to search for coverage that will be difficult or too expensive to find.

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3 years ago

This is part of the City of Chicago v Korshak retiree healthcare litigation for retirees that are members of the City of Chicago’s Chicago Police, Chicago Fire, Laborers (LABF), and Municipal Employee (MEABF) pension funds.