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Pittsburgh Mayor Opposes Proposed State Takeover of the City's Ailing Pension
Pittsburgh Post-Gazette
Aug. 20, 2009
Excerpt: In an Aug. 5 letter obtained today by the Post-Gazette, the mayor outlined his position against the legislation, which would require that pension funds that are less than half-funded be folded into a state-controlled investment pool and subjected to new rules. The letter has been circulated to city council members and to Harrisburg officials by the city's lobbyist. 'The legislation would immediately increase Pittsburgh's pension payment by $28 million to $73 million,' the mayor wrote in the letter.
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