Member since Nov 13, 2010

Recent Comments

Re: “Money matters

The problem is not just the unfunded liability in the pension plan (which is growing, not shrinking by the way.) The bigger issue is the unfunded liability in the retiree medical program. Funny how this wasn't discussed. The city has been pumping $6-8 million per year from the general fund into this account for the last five years in an attempt to shore it up. Yet it is treading water and remains 30% below requirements. Maybe CS should give Dick Evans a call and ask him to walk you through the issues with "Other Post Employment Benefits" as it's known and buried in the budget. A little more investigating and a little less parroting would serve CS readers far better.

Posted by Michael Dudich on 05/30/2011 at 9:01 AM

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