Archives of the Mayor's Press Office

FOR IMMEDIATE RELEASE
Date: Friday, February 5, 1999

Release #046-99

Contact: Colleen Roche/Curt Ritter (212) 788-2958


MAYOR GIULIANI ANNOUNCES AGREEMENT WITH THE MUNICIPAL COMMITTEE ON IMPROVED HEALTH INSURANCE BENEFITS FOR EMPLOYEES AND RETIREES

Mayor Rudolph W. Giuliani today announced that an agreement has been reached with the Municipal Labor Committee, the committee responsible for negotiating health insurance benefits on behalf of City employees and retirees with the City. The improved health benefits will be provided at no additional cost to employees or to the City.

The new benefits to be provided to current City employees and under 65 non-Medicare retirees in the GHI-CBP/Blue Cross plan include:


The cost of the new benefits will be covered by the stabilization fund. This fund exists pursuant to collective bargaining which sets aside money from a prior settlement to stabilize certain fluctuations in health costs.

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