Omaha's civilian pension fund next to need solvency plan
Mayor Jean Stothert wants to look at a "cash benefit" retirement plan.
Posted: Monday, October 28, 2013 12:00 am
Omaha's “other” pension fund, covering civilian employees, is in big financial trouble.
The situation is so dire that a civilian union president is calling for a serious look at moving to another retirement plan — or even cashing out the fund. That move could leave the city on the hook for some $200 million.
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Monday, October 28, 2013 12:00 am.