Benton Harbor pension system may be cut

By: NewsCenter 16 Staff Email
By: NewsCenter 16 Staff Email

BENTON HARBOR Benton Harbor's pension system is coming under fire.

Emergency Manager Tony Saunders suggested in an interview with WSJM that the system be shut down all together. He says if the city were to stop funding it today, it would only take three years to dry up.

If the system shut down, it would mean that new hires wouldn't contribute any money to a pension plan, so costs would rise in the short term. But he says it would save money in the future.

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