Pensions have Lodi officials concerned
City Council has taken steps to reduce costs, but city is still facing a huge bill
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Posted: Wednesday, September 18, 2013 12:00 am
Several Lodi City Council members are worried about the skyrocketing costs of employee pensions, which are projected to reach $16.9 million annually by 2020.
“We have no idea — no idea — where we’re going to get that money,” said City Councilman Bob Johnson. “That really scares me.”
Wednesday, September 18, 2013 12:00 am.