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Pulaski approves contribution to defined-benefit pension plan after market shortfall
5564513 · August 12, 2025
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Summary
The board approved a resolution to fund the city’s defined-benefit pension plan, with staff identifying contributions from multiple funds to restore solvency after market declines.
The Pulaski Board of Mayor and Aldermen voted Aug. 12 to authorize a contribution to the city’s defined-benefit pension plan after an actuarial review showed the plan is underfunded following a stock-market downturn.
City Administrator Terry Harrison told the board that investment losses in recent years left…
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