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Gov. Quinn Signs Bill Ending State Subsidy For Retiree Insurance Premiums

Posted 2012-06-22 06:10:00 by WMAY News


Governor Pat Quinn has approved one major change for current state government retirees.

 

Quinn signed legislation Thursday to end the state subsidy for retiree health care premiums.

 

That subsidy equaled five-percent per year of service, meaning that workers who retired after 20 years or more effectively paid no premium at all.

 

That ends July 1st, but the state still hasn’t determined how much the new premium will be.
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