Number
130552
Version
SUBSTITUTE 2
Reference
Sponsor
THE CHAIR
Title
A substitute ordinance relating to payments for health benefits by city retirees.
Sections
350-30-7-a-1 am
Analysis
This ordinance establishes that retirees under age 65 retiring on or after January 1, 2014, unless specified otherwise elsewhere, shall pay the balance of the premium due after payment by the city of an amount equal to 88% of the cost of the premium for the lowest-cost health insurance benefit plan offered by the city.
Body
The Mayor and Common Council of the City of Milwaukee do ordain as follows:
Part 1. Section 350-30-7-a-1 is amended to read:
350-30. Health Benefits.
7. PAYMENTS.
a-1. Full-benefit employees and retirees under age 65 >>retiring on or after January 1, 2014<<, unless specified otherwise in subd. 3, shall pay the balance of the premium due after payment by the city of an amount equal to 88% of the cost of the premium for the lowest-cost health insurance benefit plan offered by the city.
Part 2. This ordinance takes effect January 1, 2014.
LRB
APPROVED AS TO FORM
____________________________
Legislative Reference Bureau
Date: ______________________
Attorney
IT IS OUR OPINION THAT THE ORDINANCE
IS LEGAL AND ENFORCEABLE
____________________________
Office of the City Attorney
Date: ______________________
Requestor
Drafter
LRB148892-3
Mary E. Turk
9/24/2013