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19Jan/110

Keeping insurance for withdrawal? S of the city is co? Expensive

Keeping Insurance for City Retirees is Costly
CHATTANOOGA, Tenn. (AP) - Chattanooga's chief financial officer says a trust fund that helps pay city employees' retirement benefits will cost more than estimated. The City Council voted last year to fund the program, which allows city retirees to keep medical insurance, reported the Chattanooga Times Free Press. The council appropriated $14 million. The initial cost estimate was $15.5 million ...

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