Nov 11, 2013
This year Baltimore’s mayor put in a new law: new employees would pay 5% of their income for the pension fund, with the city contributing only 4%. And, in a pay cut for current employees, they must start paying in 1% to the retirement fund. This amount rises to 5% over next five years.
City employees have never had very large salaries or pensions, compared to private sector jobs. But in the past, the city kept its promise that a guaranteed pension and health care in retirement was part of the wage agreement.
That seems to be a broken promise in 2013. The city is jumping on the bandwagon of attacks against public workers nationwide. They shouldn’t be allowed to get away with it!