Atlanta to unveil pension plan Wednesday
In anticipation of a huge crowd of city workers, expected to show up to hear the fate of their pensions, Wednesday’s Atlanta City Council Finance/Executive Committee meeting has been moved to the city council chambers.
Atlanta Mayor Kasim Reed and members of his administration are set to make a presentation on possible changes to the city’s three pension plans at the 1 p.m. meeting. Reed has noted that the pension payouts that the city is currently obligated for, has hampered the city financially.
City workers, including several municipal unions, have been vocally against any proposed changes to their retirement plans and have threatened suit.
About the Author
Ernie Suggs is an enterprise reporter covering race and culture for the AJC since 1997. A 1990 graduate of N.C. Central University and a 2009 Harvard University Nieman Fellow, he is also the former vice president of the National Association of Black Journalists. His obsession with Prince, Spike Lee movies, Hamilton and the New York Yankees is odd.
