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John MacPherson has been working closely with our team to examine the extent of the pension deficits.  He is the former president of the DCTA Retireds, as well as the former chair of the DPS Retirement System, which existed before we merged the retirement system with the state pension fund.  This is probably the most concise description of what’s happening with the pensions.

The strange thing is that none of the Board majority had any questions for John.