“The challenge with the current defined benefit plan is the funding requirements as proscribed by the IRS have grown dramatically in recent years,” said Alexander’s letter. “In the case of the CSO, for example, two years ago we were required to put $803,000 into the DB pension fund. This year we will be required to put in $3,800,000. Projections indication we will have to contribute $5 to $6 million per year into the DB fund over the next several years, and $36 million into the fund over the next eight years.”