Nova 401(k) Associates
Compensation Strategies Group, Ltd.
Nicholas Pension Consultants
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|City of Denver Mulls Change in Retirement Benefit Formula|
Feb. 19, 2004
Excerpt: Currently, the retirement payment is calculated based on the employee's highest pay rate for 36 consecutive months, the employee's number of years working for the city and a 'multiplier' of 2 percent. Administrators of the retirement plan on Wednesday recommended reducing the multiplier to 1.5 percent.
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