COLUMBUS, Miss. (AP) — The city of Columbus is dropping health insurance coverage for its retirees.
The city council acted Thursday at the recommendation of personnel director Pat Mitchell.
The Commercial Dispatch reports (http://bit.ly/1llYWok ) there are 24 retired city employees currently using the city's insurance. They have 90 days to find insurance on the open market until their coverage under the city ends.
City chief financial officer Milton Rawle told the council if the city continued to pay premiums for retirees, a projected $420,730would be added on top of the deficit the city already faces next year.
He says without retirees, only an extra $16,000 is projected to be added to the deficit.
The council is expected to adopt a budget for the new fiscal year after a Sept. 4 public hearing.
Information from: The Commercial Dispatch, http://www.cdispatch.com