City Manager Pat Woods maintains criticism voiced about the city's pension plan by former Common Councillor John Ferguson implied something was amiss on the Pension Board. Ferguson's lawyer, Rod Gillis scoffed when Woods told the court the Pension Board knew what it's doing asking how can that be considering the city's pension plan is running a deficit of 191 million dollars.
Woods also testified benefits have not been reduced but worker contributions into the pension plan have increased. Ferguson was concerned senior staff on the Pension Board who would be receiving city pensions would not recommend cutting benefits. Woods concedes the concern is legitimate but unfair even though benefits have not gone down but worker contributions have increased.
Gillis is also promising to call witnesses who will show where the plan sank.
