Stothert proposed phasing out traditional pensions for city's civilian employees, despite brighter b

[Omaha Steve]

X post in Socialist-Labor

This is my Local they are dealing with. Since my last day before retiring is Nov. 29th, this doesn't really effect me.

OS

http://www.omaha.com/news/metro/stothert-proposed-phasing-out-traditional-pensions-for-city-s-civilian/article_aa977104-73fc-5d0a-97dc-43c3ddac34a5.html



THE WORLD-HERALD
Mayor Jean Stothert prepares for a press conference inside her office at City Hall on June 11, 2013.


Posted: Wednesday, October 15, 2014 1:00 am

By Roseann Moring / World-Herald staff writer

Mayor Jean Stothert will meet with bond raters this week feeling better than last year about the City of Omaha’s finances.

“Our financial situation is looking very promising now,” she told The World-Herald.

The city’s financial and pension problems are not solved, but Stothert said she can present a convincing case “that we are in good shape.”

Last year, Stothert said bond raters were very concerned with the city’s pension systems and their shortfalls. After meeting with city officials then, Standard & Poor’s dropped the city’s rating, following a downgrade by Moody’s in 2012.

FULL story at link.