OMAHA - Current Omaha Public Schools retirees and employees would see lower cost-of-living adjustments, newly hired employees would get less generous pensions and the school district would kick in more money annually under a new plan for shoring up the district’s troubled pension fund.

The proposal was hashed out by a working group made up of members of the district’s unions, OPS leaders, retirees and others who spent a year looking for ways to reduce the system’s $800 million-plus shortfall, which was the subject of a World-Herald investigation last year.

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