From the Daily Globe. Seems this is and will happen more in the future to others in Michigan and Wisconsin..
"1/5/2011 1:18:00 AMWill the unions and retires in Wisconsin accept freezes or something more when the state, county, town or village say's, we can't afford it. The gravy train has stopped.
Bessemer rejects raises in retiree benefits
BESSEMER -- The Bessemer City Council on Tuesday reluctantly denied giving city retirees cost-of-living increases this year, after confirming that its recession-battered investments alone couldn't bolster city pensions.
A 2 percent increase in benefits to 15 retirees would cost the city $23,000 up front." Bessemer rejects raises in retiree benefits
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