Thursday, September 15, 2011

Hollywood, Florida Voters to Cut Pensions

Hollywood residents made it clear Tuesday: The city can no longer afford its current employee pension plans.

With a low voter turnout — about 13 percent of the city’s 84,521 registered voters — residents cast ballots to strip police, firefighters and the city’s general employee’s of their current pension plans, allowing the city to save $8.5 million.

Read the article at The Miami Herald.

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