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Let me be specific when I discuss other expenditures. That includes providing current employee with annual Cost of Living (raises) increases. To simply tell employees they will not get a raise as a policy to reduce pension liabilities is wrong. The current employees should not be the only party to make concessions. Taxpayer have also been part of the solution. Each year they are paying more in taxes.

But the one group that the mayor is afraid to ask for concession is the retired members. They need to be contacted and a discussion needs to take place that will allow the city to suspend COLA's in all plans until they are funded properly. Providence has already done this and several other communities are proposing the same thing.

The municipal pension plan which looks at the performance of the plan should be used as a model for all other plans in the city when determining COLA payments. Why? Because Police II and Fire II retired members are getting a compounded 3% COLA for the next three years and all active employees are getting zero. That's simply not fair.

From: Union president feels ’spin’ distorts worker sacrifices

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