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Atlanta pension boards sue city over merger

JANUARY 10, 2018 | by Dan Klepal | THE ATLANTA JOURNAL-CONSTITUTION

"Boards for police officers and general employees sued the city, former Mayor Kasim Reed and newly minted mayor Keisha Lance Bottoms last week for pushing through a consolidation ... The pension board for city firefighters has not joined the lawsuit, which says the city 'hastily' approved the merger in violation of state law and the city charter. It claims the consolidation will improperly give the mayor power to appoint a majority of pension board trustees who oversee about $3 billion in investments.

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