Pension Plan Merger Faces Critics Today
Augusta Chronicle, The (March 06, 2007)
Author: Sylvia Cooper
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Today some Augusta commissioners will try to stop a plan to merge three city employee pension plans, a move they say could cost taxpayers millions for years to come.
A proposal to merge two defined-benefit plans and one defined- contribution plan into one defined-benefit plan was approved last week by the city commission's Administrative Services Committee and goes before the full board today.Pension Plan Merger Faces Critics Today
Commissioner Joe Bowles says the proposal was rushed through committee last week with no discussion of its sign...
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