10/15/2013

Twenty percent of U.S. cities have reduced pension benefits for their workers this year, and nearly one-quarter cut health care benefits, according to the National League of Cities' annual City Fiscal Conditions report. The survey found that 80% of the 350 city finance officers it surveyed felt their city's ability to meet its budget obligations had been hurt by the cost of employee health benefits, while 75% said pension costs were having a negative effect.

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