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12A Council Report 2011 1003
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12A Council Report 2011 1003
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9/27/2011 4:50:02 PM
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9/27/2011 4:49:27 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
10/3/2011
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_CC Agenda 2011 1003
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0 <br />League Policy on Pension Reform <br />■ Underlying Principles <br />Public retirement plans should provide a fair benefits for career <br />employees <br />Recognizes the importance of attracting and retaining high performing <br />public employees <br />Recognizes the values of a dependable and sustainable employer - <br />provided Defined Benefit Plan for career employees <br />Retirement costs should be shared by employer and employee <br />Retirement plans should be portable across all public agencies <br />■ Solution Requires Multiple Actions <br />Local Actions / Collective Bargaining <br />Actions Needed from the State <br />Additional Actions supporting sustainable pension plans <br />20 <br />
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