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Corpus Christi, Texas, Police Pension Benefits Curtailed
The E.W. Scripps Co. 
Oct. 19, 2009
Excerpt: Trustees for a union-run health insurance trust voted to curtail benefits in July, citing unsustainable obligations. The plan had paid about $400 per month for her benefits, Roberts said. Now the plan will pay just a fraction of that. According to financial statements filed in 2008, the trust had roughly $2 million in assets in 2007. But the trust had incurred nearly $38 million in obligations. Since then, the obligations have risen and the assets have declined.
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