EagleTribune.com, North Andover, MA

Haverhill

September 11, 2013

Fiorentini, board debate pension hike proposal

Council to debate measure one more time before voting

(Continued)

Councilor John Michitson said the council wants to be fair to retirees, but must be mindful of the city’s financial problems and budget needs.

“Our unfunded liability is a tough nut to crack,” Michitson said. “Even without this increase, there’s no guarantee we can crack it.”

Michitson told the mayor he wants to see more data on city finances and a five-year budget projection before he votes on the retirement board’s proposal.

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