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Who pays?

April 04, 2011
Who pays?

There is a massive $238 million shortfall in the city employee pension plans. The unions are demanding the city along with employees kick in money to immediately fix the problem. This would require the city to increase property taxes. However, the real issue is the generous pension benefits paid under the plan exceed the amount of money being contributed by both the city and its employees. It is obvious pension payouts need to be rolled back. Prairie director Colin Craig says it is unfair private sector employees -- most who don't have a pension -- be forced to cough up money to pay for the gold plated plans of city employees.

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