Tuesday, August 11, 2009

Pain in the Pension

Pension pain for Fort Myers

City confounded by its obligations to employees

BY GABRIELLA SOUZA • GSOUZA@NEWS-PRESS.COM • AUGUST 11, 2009

Fort Myers may look to alter its employees' pension plans as revenues erode and the city faces $9.9 million in budget cuts.

At the same time, pensions are draining other cities' coffers across the state, officials say, leading some to consider changing their plans to avoid spending millions over time.

From: news-press.com

No comments: