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Bedford City Council looked at several items, last week, as it continued work sessions aimed at developing a budget for the 2012-2013 fiscal year.
One item involved Virginia Retirement System (VRS) contributions mandated by the state. City Manager Charles Kolakowski’s proposal calls for an approach that will result in no pay loss for employees. The state mandate calls for a 5 percent increase in employee VRS contributions, but permits localities to take a multi-year approach in implementing this.
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