Atlanta Tackles Pension Problems
CVN News
12-23-2009
Atlanta is joinging the many other state and local
governments trying to deal with large increases in
pension costs. Atlanta Mayor-elect Kasim Reed is
forming a panel to look into the problem.
Reed has selected former AJC publisher, John Mellott,
to head the group.
Atlanta`s pension costs are around $100 million
or about 20% of the city`s budget.
Among the options Reed is willing to consider are
changing the years to a person being vested in
the plan from 10 to 15. He is also open to the
city switching to Social Security.
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