Wednesday, August 29, 2012

On Pension Reform

Live Blogging #oakdebates | 7:25pm
De La Fuente mentions that this is “one of the most complicated problems” he was one of the only ‘no votes’ for the PFERS bond float in this past budget term.  Anderson-Downs says “pensions don’t make sense when we are closing schools” and she “couldn’t vote for it.” Lee Tolbert says that its “an obligation” and we “must fund it” but have to do that with “real dollars” and “won’t be an easy problem to solve.” Kaplan points to her motion from the last council term that would allow for the “liabilities to become funded.”

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