But in 1996, Telmer enraged Hamilton workers by using pension holiday legislation to stop fully funding retiree obligations. (canadianbusiness.com)
Daley quickly sought permission from Springfield to divert district pension dollars to other uses and saw the school system take its first partial pension holiday. (governing.com)
Speaking at a public meeting in which the Park District's $ 385 million budget was unveiled, Laurence Msall, president of the Civic Federation, said the tax watchdog group supported the district's restraint in not raising property taxes and increasing employee contributions to health care costs, but was troubled by the «pension holiday.» (articles.chicagotribune.com)