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"Yesterday, (Mayor Avedisian) expanded on those plans, saying one of the options he is considering is the purchase of life insurance for retirees with the city as the beneficiary, as is being done in Bristol."

That's not what happens in Bristol. Here is the description of the Bristol benefit: "Employees hired after July 1, 1997 are offered $50,000 whole life insurance." The town does not buy life insurance on the lives of retirees. How did the mayor get this wrong? Did he check with Bristol town officials or look on the web for the information - as I did?

Does the mayor have any idea how much this insurance would cost? Who would get the sales commissions? Where would the money come from to buy the insurance? Here's a bigger question. What would happen if most of the retired fire fighters outlived their insurance policies? In that case the insurance premiums would have a significant negative impact on the pension fund.

Here's a bigger question. How did the municipal employees' pension fund come in at 71% funded when the disaster point is 70%. Does anybody believe that 71% number???

From: Avedisian looks to address weak sister of city’s 4 pension plans

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