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Retirement Planning
Pensioners can't afford pricey travel
Pensioners can't afford pricey travel

Roselyn H. Spencer, executive director of Baltimore's employee retirement systems, justifies expenses paid out for city pension-related travel by citing the "financial strength of both retirement plans ("City pension investments performed better than expected in 2014," April 3). According to her, the city employee plan grew by 15.3 percent in 2014, returning 17.4 percent on investments. Yet as a 64-year-old Baltimore police retiree, I received a 1 percent increase, or $500. Ms. Spencer claims the system is making money and Mayor Stephanie Rawlings-Blake is saying the system is so underfunded that we can't give retirees the raises their contracts called for. Do...