St. Joseph Receiver Del Sesto Warns Cuts Are Likely to Be Implemented in 2018
St. Joseph Receiver Del Sesto Warns Cuts Are Likely to Be Implemented in 2018
Del Sesto's said during the interview on GoLocal LIVE that the Court formally approved the hiring of Max Wistow on Tuesday and Wistow's investigation will move into full speed, Additionally, Del Sesto said that he anticipated that some level of cuts will be implemented early in 2018 to the payments to retirees.
He said it is too early to know the amount of cuts and how the different classes of members of the pension fund will be impacted. WATCH THE FULL INTERVIEW.