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Ayatollah's Note:
This is inevitable as I see it. The municipal investments are starving for income, and the retirement boom is just beginning. There will be a chain reaction that will accelerate in the coming months, and many benefit packages will have to be adjusted, some very seriously. In all seriousness, many of us wondered just how an elected official could get health insurance for life after only serving one two year term. But this is what failure to stay in tune with our government has wrought. The Muni below will be the first of many to be added to this thread
Retirees in Stanislaus County lose health benefit
This is inevitable as I see it. The municipal investments are starving for income, and the retirement boom is just beginning. There will be a chain reaction that will accelerate in the coming months, and many benefit packages will have to be adjusted, some very seriously. In all seriousness, many of us wondered just how an elected official could get health insurance for life after only serving one two year term. But this is what failure to stay in tune with our government has wrought. The Muni below will be the first of many to be added to this thread
Retirees in Stanislaus County lose health benefit
The county's retirement association voted Wednesday to cut the medical benefit of about 2,500 retirees for 2010. Officials say they can no longer afford to pay the retirees stipends of up to $370 a month to meet rising health insurance costs after the county's pension fund suffered losses.
