Pension funding date, assessments are eased

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The Plymouth County Retirement Association has given its members a bit of a breather, pushing the funding deadline for past retiree benefits to 2034 and cutting the fiscal 2015 assessment nearly in half.

The revision, approved by the association’s board last Tuesday, still requires subsequent increases of 8 percent a year until the underfunding is eliminated, but board members said the deal is the perfect compromise.

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