MadameNoire Featured Video

(AJC) — Atlanta fire fighters turned up the heat on pension reform by bringing in a team of financial advisors and consultants who said Wednesday the proposed changes are “illegal, unjust and bad policy.”  Atlanta mayor Kasim Reed has proposed ending defined pensions for city workers. Atlanta pays about 20 percent of its annual budget — or $125 million — to cover pension benefits. The city has $1.5 billion in promised benefits it has yet to cover, and Reed says a reform plan would keep that from figure from growing. Firefighters say the city is reneging on a promise, and they asked the city Wednesday to levy new taxes on commuters to keep the existing pension system. “We are here in good faith, asking the city council to follow through on their word,” said Jim Daws, president of the Atlanta chapter of the International Association of Fire Fighters.

Read More…


Comment Disclaimer: Comments that contain profane or derogatory language, video links or exceed 200 words will require approval by a moderator before appearing in the comment section. XOXO-MN