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We get it. The union really like the terms of the contract & their supporters on the city council & Mayor tried to push it through for them in an emergency meeting the Friday before Christmas.

Considering that Defined Benefit Pensions have obligations that will be paid out 40-50 years from now it is prudent that actuaries conduct a deep dive on the long term consequences of contracts. For the health of the city, solvency of the pensions, and restoring trust & improving relationships between the community and the public servants that provide city services.

History has shown us that there are many unknown unknowns in long term obligations. Unfortunately the obligation to remedy the consequences of the unknowns largely fall on the taxpayers. Wall Street can't be forced to pay up when assumed returns aren't met. Former politicians can't be forced to make up the difference from pension contributions not made. Yes, to stave off bankruptcy unions have made concessions, but as evidenced by the long history of annual tax increases the great majority of pain is carried by the taxpayers. are obviously Having objective, qualified accountants & lawyers go over the contracts is simply good governance.

Merry Christmas