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Watchdog: Staff cuts don't translate to pension savings

October 17, 2012

Doing more with less has been the mantra of most government agencies since the economy soured in 2008. But an analysis of 80 suburbs shows that while they combined to shed 708 jobs, the cost of providing retirement benefits to the remaining employees has increased more than $7.7 million from 2009 to 2011.

Source: http://www.dailyherald.com/article/20121017/news/710179933/
 
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