In Current Pension Topics of Oct. 9 and Nov. 16, I wrote:
"The city (taxpayer) can satisfy all of its borrowing needs at an interest cost of about 1.5 percent. So why does the city borrow the member's Accumulated Deductions/Annuity Savings at a minimum interest cost of 5 percent? An interest-bearing savings account is hardly the optimum way to save for retirement. The mandatory pension deduction is crying out for alternative investments."