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Baker, I think that there would have to be a clear and concise usnnrdtaeding of the situation. When looking at the presentation, and the explanation, and then the comments here I think there is a lot to discuss. It appears as if there are several pension funds, which ones are funded and which ones are not? It also seems as if they are presenting numbers from a few years ago. We all know that the market has returned rater nicely over the last few years. What does unfunded liability really mean, and what if any danger does it present to the city? What does the city spend it's money on and how do the budget it? I mean a clear and concise explanation of it. I hear things like this fund, that fund general fund .when they talk about pension expenditures is it a total of all these funds, one fund what? Has anyone talked to the employees too see if they have any options? I believe there was a drop program mentioned years ago, what if any would that help? Would the employees be willing to give more to the pension on there own? Did anyone ask? Is there a better investment program that the city can use? Too many questions in this so far I dont think raising taxes need to be brought up just yet.
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(VISITOR) AUTHOR'S NAME
Vinod
MESSAGE TIMESTAMP
19 december 2014, 17:19:50
AUTHOR'S IP LOGGED
186.92.51.164
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