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0 <br />League Policy on Pension Reform <br />■ City Managers' Department Developed Policy Proposal <br />• Recognizes sustainability concern of current pension plans <br />• Increased pension costs threaten municipalities' ability to deliver <br />services <br />o Directly compromises not only city budgets, but also State <br />budget — with potential additional impacts to cities' financial <br />condition. <br />■ City Managers' Policy reviewed by League Policy Committees <br />■ Considered by full Board at July meeting (Long Beach) <br />19 <br />