City of Canyon considers changes to retirement benefits
CANYON, Texas - As health premiums rise, the City of Canyon is considering decreasing how much health insurance coverage it offers.
City Manager Randy Criswell thinks the changes will likely happen.
"I don't think we're going to see it remain the way it is." Criswell said. "I think it's going to change. I think the city commission is going to change that policy."
Danny Cornelius has worked with the city for several years and thinks the rising number of young retirees in the city also poses a problem.
"We've had several young retirees that are carrying that for 10, 15, maybe 20 years." Cornelius said. "I think that age in young retirees is probably a big, big factor in why they're considering that change."
Right now, the city is considering a few different options with eligibility. One is to change the employer's tenure from ten to 20 years. Another would require the employee to work with the city for at least 20 years and be at least 60-years-old. Another option would be to only offer benefits for five years. The commission is also considering basing coverage off of years of work services.
The City Manager says he would like to see benefits be offered for no more than five years. That way, it would likely go to a long-term employee and could also help save taxpayers money.
City Commissioners will meet again next month to further discuss the proposed changes.
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