The final vote result was 24,848 in favor and 9,788 against. Although the actual voting was 9,788 against the proposal and 4,081 in favor, 20,767 plan members didn’t vote. Under the MPRA, members who don’t vote are considered to have voted yes.
Those at least age 80 or disabled are protected under the MPRA and won’t have their benefits cut. Active participants will see an 18 percent reduction in accrued monthly benefits, while retirees will have a 29 percent cut, according to the pension fund’s application.
posted by keifermiller
: 253 days ago