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Midland firefighters vote to reduce pension liability; council to ratify measures this week
Summary
Firefighters approved a pay-linked reduction to pension liability in an election; pension board and city will ratify complementary measures and begin funding soon, officials said.
Justin Graham, chairman of the Midland Firemen’s Relief and Retirement Fund, told the City Council that firefighters voted overwhelmingly in a February election to accept a change designed to reduce the pension fund’s liability.
Graham said the preliminary election results showed 88% of 194 votes cast were in favor of the change, and he thanked council members and city management for work on a long-running recovery plan. “Electing to pass this change shows the sacrifice and dedication each and every one of…
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