Representatives of the city’s police, firefighters, and city workers unions and retirees are up in arms over plans to restructure the boards that oversee their pensions. Their pension funds lost almost one-quarter of their value in the recent stock market plummet, leaving them with $3.2 billion. Now the city is planning to replace its representatives on the oversight board with council-appointed delegates who do not work for the city or do business with it.

Read More 12