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Steve,

Oscars public answer was that it was too costly. Since you will be working, who has the department assigned as a representative to ask questions pertaining to the liabilities. What questions will they ask? Have you guys spoken about it and come up with a plan to ask questions???? I am sure that you have read the data as it is well publicized. Do you, yourself, personally, feel that it is reasonble for the thaxpayers to pay 537 million from now until 2032, on a 311 million dollar debt, and still have a 120.1 million dollar unfinded liability. 2032 is when the fund comes out of critical status to 60% funding, IF, there are no more people hired, there are no more raises, and the fund gets 7.5 interest uniterrupted from now until then. Thats what the document states. Bear in mind since 1995, there has not been any 5 year period where the fund has realized 7.5%, let alone a 20 year period as this new "fix" proposes.

From: Sparks fly even before actuary reviews pension plans

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