Statement:“‘Cut the pensions.’ Well, we have. We moved from a defined benefit to a defined contribution, gotten rid of retiree healthcare,” said Todd Gloria, in December.
Analysis: Councilman Gloria’s contention that the city has moved from a defined benefit pension plan for employees to a defined contribution plan is false. As is his claim that they have gotten rid of retiree health care.
Calm Down Employees, He Was Wrong
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