2009-04-27
23:54:07
City employees are back to the drawing board after efforts were thwarted to have common council rescind a previous motion to make serious changes to the pension plan. The four unions had hoped council would strike a working committee to hash out some solutions to the troubled plan before going to the legislature. Council has instead referred the request to its actuarial firm Morneau Sobeco. Councilor Chris Titus says his first responsibility is to tax payers.
Canadian Union of Public Employees national rep, James Stanley says council won’t succeed in getting changes at the legislature without their support. The proposed pension changes could save $70 million.
