Thursday, September 18, 2014
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Council closes pension loophole

City Council Thursday morning did away with a loophole in the pension plan that will allow outgoing Managing Director Camille Cates Barnett to buy a pension of nearly $50,000 annually after less than 2 1/2 years on the job.

Council closes pension loophole

City Council Thursday morning did away with a loophole in the pension plan that will allow outgoing Managing Director Camille Cates Barnett to buy a pension of nearly $50,000 annually after less than 2 1/2 years on the job.

Council voted unanimously for Councilman Frank DiCicco's bill, which sets a minimum of five years of service before a Civil Service exempt employee such as Barnett can buy credit for years worked in other public service positions.

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