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Posted: Tuesday, 01 October 2013 3:40PM

Saunders May Close Benton Harbor's Pension System



Benton Harbor's pension system needs an overhaul, according to Emergency Manager Tony Saunders. He says if the city stopped contributing tomorrow, it would only take three years for it to dry up.

Listen:

   
To right-the-ship he's thinking of closing the system all together.

Listen:

   
An actuary report is currently being done to see if closing the system is the right move going forward.


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