US - The Mayor of Philadelphia is seeking the approval of state legislation to defer pension payments in order to prevent job losses and other cuts in the city.
Mayor Michael Nutter said Philadelphia will be forced to make 3000 city worker redundancies in October and implement other budget cuts if lawmakers do not approve the pension changes to Pennsylvani...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
