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.
Read more here.
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