(Mid-America Pension Rights Project:) City, unions agree to cut pension costs

Via Times Herald
By Jackie Smith

New contracts with several Port Huron unions are expected to save the city $1.1 million in retirement costs a year.

Port Huron City Council members approved new three-year collective bargaining agreements with four unions and potential adjustments for non-union employees during Monday’s regular meeting.

After, City Manager James Freed said the changes affect about 220 employees and will help reduce the city’s pension liability by $10 million. Pension and retiree health care liabilities for the city total more than $100 million.

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