Please don’t miss union boss Pat McMahon’s performance on WPXI announcing: ““If this union was to accept this report, it would take this union back 50 years, without a doubt.”
Under the proposal that Pat finds so oppressive, a 60-year-old bus driver with 30 years of service could retire and pay nothing — NOTHING! — for health insurance for the rest of his or her life. The Port Authority would pay for it all.
And if the driver reached 30 years of service even younger, he’d still get Port Authority-provided health insurance — he’d just have to pay a little more than $100 a month to be covered for the rest of his life.
Does anyone else out there have that kind of deal waiting for them when they retire?
Make no mistake. What Pat McMahon is trying to protect — what he is willing to bankrupt the Port Authority over — is the ability for his members to retire in their 40s and 50s after putting in just 25 years of service. He wants them to receive retiree healthcare coverage for the rest of their lives while just paying a token amount for it.
And he wants the taxpayers to foot the bill.
Posted by: Ken Zapinski
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September 13, 2008 at 11:15 pm
jet
Retire? What’s that? I have ~20 years at software companies, all but one that have gone out of business. I’ll be lucky to get 18 months of COBRA if I lose my current job. My current retirement plan is based on my own savings and Social Security.
My dad got decent health care after 20 years in the Army, but that included ~2 years of getting shot at in Viet-Nam and moving his family to a new town every 3 years while making much less than the average civilian.
Out of curiosity, what do Pittsburgh’s police and fire department members get for retirement benefits?