A Special Budget Edition of Retiree Matters, including proposed FY 2018-2019 retiree benefits and costs, will be mailed to retirees soon. Click here to read the digital version.
City Manager, Sheryl Sculley, presented the FY 2018-2019 Proposed Operating and Capital Budget to the City Council on August 9, 2018. Following is a summary of proposed retiree benefit changes:
ad hoc Cost-of-Living Adjustment (COLA) of 1.476% for retirees to be reflected in January 2019 TMRS annuity checks
no medical plan premium increases for pre-65 (non-Medicare) retirees
Medicare premiums decrease for post-65 (Medicare) retirees, with exception of Medicare Pharmacy-Only plan
no dental or vision plan premium changes
Please note, if you do not wish to make any changes to your current medical, dental or vision plans, you do not need to do anything. Your coverage will continue (roll over) to 2019.
For more information regarding the FY 2018-2019 budget, click here.
If you have any questions, please contact the Employee Benefits Office at (210) 207-0073 or Human Resources Customer Service at (210) 207-8705. You can also send an email to firstname.lastname@example.org.
RECOSA invites you to a special proposed budget presentation for retirees this Wednesday at the Brown Bag event at 11:30 am at the Central Library.