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Thursday, November 13, 2014

Ansonia aldermen give pension plan $550,000 boost

By Jean Falbo-Sosnovich
Register Correspondent 
ANSONIA >> An underfunded pension plan affecting about 50 city employees got a $550,000 boost from the Board of Aldermen Monday.
The pension account, which was underfunded by about $4 million, mainly affects Board of Education employees (secretaries and custodians), according to city officials.
Aldermen, during their monthly meeting Monday, unanimously passed a resolution to transfer $550,000 from the city’s general reserve fund into the city retirement plan.

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