Acklin's Plan for Restoring City Pensions

Independent Mayoral Candidate Kevin Acklin said his plan to solve the city's pension problem would be to redirect funds from the Urban Redevelopment Authority into the pension fund. He says the URA holds at least $417 million in assets - almost larger than the entire general fund of the city of Pittsburgh.
He says using about half of the money would restore the city's pension funding to above the fifty-percent solvency level within two years that would help the city avoid having the pensions transferred to the state.
Acklin said redirecting money from the URA would also allow him to refocus the URA on neighborhood investment and community development. He says he feels the URA focuses their efforts on certain neighborhoods and ignores others.