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A growing legacy cost for city

November 14, 2012
Steve Schulwitz - News Staff Writer , The Alpena News

ALPENA In order to attract top-notch employees, Alpena Municipal Council has always offered attractive benefits and retirement packages. For years the high cost of fulfilling these commitments were helped paid for by the return on the city's investments. When the economy was doing well the retirement fund was thriving and funded more than 100 percent.



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