Pension Task Force recommendation

Many have asked questions about the consensus reached by members of the Pension Task Force.  We have posted the consensus agreement on our website, which can be downloaded at Chatt Pension Task Force Consensus Agreement 1-8-14

Our actuary, Segal Company, is currently working on doing a complete analysis of the recommendations so they can be formally discussed and approved by the full Pension Task Force.  Once this happens, the Pension Board will schedule a public meeting to discuss the recommendations with its members and listen to their concerns before making a formal decision.

You can also read more about the consensus agreement at the following URLs:

http://www.nooga.com/164948/pension-deal-includes-cuts-but-maintains-overall-benefit-structure/

http://www.timesfreepress.com/news/2014/jan/10/pension-deal-saves-city-200-million/?local