Nine minutes....too fast.....
Cityzen, prove to me where the pension is bankrupting the city? Just because Reed says so? If the council went with reeds plan it would have cost the city millions in lawsuits and they would have lost.
Why do you hate Police and Firefighters? Where were you when they went years without raises? Where were you when the city UNDERFUNDED there share, or when the stole MILLIONS out of the fund?
Where is your outrage at all the money that is wasted through the city? The fact that they have 3x more the employees that any city there size? Why do you hate compromise? It seem to me this is the best of all options.
Oh and so you know.....it is a right to work state so unions pretty much have no power in this state....other than being one voice for the people they represent.
This actually seems like a decent compromise. Current employees will take another 5% pay cut, on top of being almost 20% behind already.
New employees will not know the difference. They will get some kind of pension, and keep putting money into the pension system.
Reed (aka Mr Bully) will get to claim victory from his brand new Denali. Council almost appears to to have somewhat of a clue.
Oh yeah that's right and all you people that think the pension is bankrupting the city, when in fact that is FAR from the truth are still bitter!!!!
Thats great news!!!!
Sam, I dont think anyone ever said that the current plan is just fine, everyone acknowledges that it could use some help but to simply just take it away is not only wrong, but illegal. I believe that the employees are willing to contribute more, and make other changes but it is not as dire as the mayor would have you believe.
The fact is the police pension is 70% funded fire is 60% and general employees is 50%. Not too bad if you look around at others. What you have to look at is how performance is going now, not 2-3 years ago. Also the city have not funded there share for years, and when the city controlled the pension the performance on investments was dismal, and fees were through the roof. The police sued and forced the city to fund there share, control was given to a pension board and investments were scrutinized and fees questioned.
I think that the city employees came up with a good compromise, taking another 5% pay cut, on top of not getting raises for years in order to keep what they were promised is a decent idea. Perfect....no, but it would keep the city out of a legal battle that would last for years and cost the city millions.
lul, Im sure you know EVERY city code, law, and resolution ever passed by city council? I have several friends that are cops, two of the pretty high ranking and not ONE of them knew about east atlanta being grandfathered in some stupid parking ordinance. They all said that if the sign is up, it is on the people parking there to observe the rules. Thus its a civil matter. No one is perfect......
Voter is right, the pension plan will not bankrupt the city. The numbers used by the mayor were from the "height" of the recession. If the mayors plan, or Adrean's plan go through it will cost the city MILLIONS in lawsuits because the changes will be illegal. But don't let that concern anyone......lets just get rid of those nasty pensions. God forbid anyone look into the facts.
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