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Tag Archives: pensions

Important

Police latest borough union to agree to pension change

NAUGATUCK — The police union has become the sixth borough union to switch from a defined benefit pension plan to a defined contribution plan. The Board of Mayor and Burgesses…

Naugatuck faces increased costs for pensions, insurance

NAUGATUCK — The borough finance department estimates it will need nearly $17.1 million for pensions and insurance next fiscal year, up almost $896,000 from this year. The figure, which Controller…