Atlanta Council OKs Pension Reductions

June 24, 2010  |  

(Atlanta Journal Constitution) — Atlanta City Council has agreed to reduce pension benefits for new city employees, giving Mayor Kasim Reed an important building block for his $558 million budget plan.  Council members voted overwhelmingly late Monday to impose a lower multiplier on pensions for new police officers, firefighters and general-fund employees, and to lengthen the vesting schedule for those workers.

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