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Subject: Retiree Update -Our Motion to compel the City to audit and reconcile the last six months of 2013-Over $50 Million in refunds to retirees to date from the audit and reconciliation procedures

Dear Retiree Healthcare Participants,
As promised, we filed our motion to force the City to audit and reconcile your premium charges to the actual healthcare costs for the last half of 2013.
While there is no way to know how much the City overcharged you for the last half of 2013 (maybe nothing excessive; anything’s possible I guess) in putting this together, we discovered that our efforts in obtaining the audit and reconciliation process have produced, in total refunds to all of you, a staggering total: Over $50 million returned to you since the 2003 Korshak settlement was put in place; and without reduction for even a dollar in fees.
We’ll let you know what happens on the motion, and we’ll keep you posted on developments in the Underwood retiree healthcare case returned to the State Court.
In the meantime, we hope you will keep this in mind when deciding whether and how much to contribute to replenishing the healthcare warchest. Donations can be made payable to Krislov & Associates, Ltd., and mailed to:
20 N. Wacker Dr.
Suite 1300
Chicago, Illinois 60606
...

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