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Pension crisis has local impact - Keweenaw Report


Pension crisis has local impact
Pension crisis has local impact
3 weeks ago
2,138 Views
The Hancock City Council opened its meeting Wednesday night talking about a concerning letter from a money manager that will affect a small number of municipal employees. The Central States Pension Fund was begun in the 1950’s to oversee the obligations of the Teamsters union. Some Department of Public Works staff are members. The fund has been classified as “critical and declining.” Councilor Kurt Rickard says the details of the letter are shocking.
They’re supposed to be at an 80 percent funding level and this fund is at 19.5%. It says it’s in danger of going insolvent within three years. ....

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Hancock Planning Commission discusses placemaking, neighborhood expansions | News, Sports, Jobs


cjaehnig@mininggazette.com
City Manager Mary Babcock introduced the first subject, zoning.
“Over the last couple months, we have talked a lot about zoning, and one of the things that keeps coming up is placemaking.”
Babcock defined placemaking as, “making the city a more livable place to work, play and learn in, and creating different spots in the city that are welcoming. Making places that people care about and want to be in.”
Babcock mentioned placemaking involves bringing in businesses that attract people, which would bring in jobs and attract workers. The workers would “also have to have a place that people want to live to help us advance the community.” ....

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Hancock council passes zoning amendment | News, Sports, Jobs


jvissers@mininggazette.com
City of Hancock
Zoning map for the City of Hancock. The changes to the zoning ordinance primarily effect the R-1 residential district, shown in pale yellow. R-1 is labeled “one family” in the legend.
HANCOCK The City Council of Hancock passed an amendment to their zoning ordinance concerning a “housesitting” exemption and short term rentals at their regular Wednesday meeting. The vote was 6-1, with Councilor Ron Blau as the dissenting vote.
During public comment, one person raised concerns with the change in the language concerning short term rentals. While Councilor John Haeussler, who proposed the amendment, described the change as one reflecting the council’s original intention, the commenter felt it was different from how she had interpreted it. ....

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