Common Councillor Bill Farren is calling for the city’s pension board to be dismissed.
The issue comes up tonight at Common Council in light of word the city’s pension plan is deficit is rising and could be above 200 million dollars.
Farren tells CHSJ News this could mean more cuts in city services when next year’s budget is cobbled together and predicts taxpayers will not be happy.
Farren is proposing a committee be created to administer the city’s pension plan. He describes the pension problem as a millstone around the neck of Council as it is getting ready for deliberations on next year’s city budget.
