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Thursday, September 29, 2011

Deputy Mayor Says Cuts To City Pension Plan Will Have To Be More Aggressive

There will have to be deeper cuts made to the city's pension plan than were originally proposed to the province.

So says Deputy Mayor Stephen Chase who argues even with more severe cuts, the city retirees will still have a good pension plan with benefits that are better than what most people in the city will have to live on in their old age.
 
Chase says Common Council should be looking out for taxpayers as its primary focus and city policy should not be driven by the employees.