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Lodi City Council tied on funds for retiree health care

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Posted: Thursday, May 16, 2013 12:00 am

There will be no money set aside to pay for the future costs of city retirees’ health benefits, after a tied vote by the Lodi City Council on Wednesday.

According to a recent report, the city is about $3 million behind on saving up for increasing costs of health care benefits for a certain pool of current and future retirees. Council members considered a resolution to earmark about $700,000 to use next time the bill comes due for those benefits.

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