When the 2002 Pacific Grove city council adopted the 50% pension - TopicsExpress

When the 2002 Pacific Grove city council adopted the 50% pension increase for safety: (1) it was told that the cost per year was $51,500, when the hidden actuary report indicated that it was over $800,000 per year; (2) it was not told that the benefit extended to time previously served by Pacific Grove safety officers (one chief received 24 years of free credit); and, (3) it was not told that in just two years there would be an additional cost exceeding a million dollars per year.

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