04-14-2011, 12:00 PM
"Offering sweeping concessions to city employee contracts, union officials are bracing for blows to public employee pensions like those felt in the private sector years ago.
The local Teamsters Union has struck a tentative deal with Sarasota that would shift the risk of pension investments on newer employees and stem the runaway costs of its promise to future retirees."
If the TEAMSTERS are caving in on this, the PBA wont be too far behind.
http://www.heraldtribune.com/article/20110413/ARTICLE/110419756/2416/NEWS?Title=Sarasota-union-leaders-concede-on-pensions
The local Teamsters Union has struck a tentative deal with Sarasota that would shift the risk of pension investments on newer employees and stem the runaway costs of its promise to future retirees."
If the TEAMSTERS are caving in on this, the PBA wont be too far behind.
http://www.heraldtribune.com/article/20110413/ARTICLE/110419756/2416/NEWS?Title=Sarasota-union-leaders-concede-on-pensions