Quote:
Originally Posted by eixample
What about pension reform? The state did a pension reform bill a few years ago so new employees are on a combined pension/401(k)-ish plan. I don't think the city did the same but maybe I'm wrong. It's not instant money in the budget but in the long run it would pay off.
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There have been many tweaks over the years as each contract is negotiated that reduce what CURRENT employees can get out of the system. The debts being paid today are from contracts negotiated by Rizzo. YOu cannot get out of pension obligations without going bankrupt first.