published Thursday, July 25th, 2013

Facebook Feedback: Do you think the city should scale back police and fire pensions?

Do you think the city should scale back police and fire pensions?

How about putting the money used to hire a task force and a consultant into the police pension fund.

— Margaret Sanders Moore

• • •

The article mentions that other cities have done well after getting other opinions. I’m not really against hiring outsiders.

— Frank Johnson

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Let’s evaluate city salaries across the board. Who gets shot at daily and runs into [a] burning building to save our families, and are paid less than most city employees?

— Lorry Aslinger

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How about elected officials take a pay cut. They are the ones who made the mess.

— John Tudor

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I would frown upon seeing those who ‘serve and protect’ being shortchanged like that.

David L. Pierce

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It appears the city is going in the right direction here, maybe they have learned something from Detroit.

— Andy Oliveira

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My pension has been “scaled back” twice within the last 15 years. Personally, it has been difficult. However, I fail to see why city employees should not be subject to the same challenges as the rest of us.

— Steve Coulter

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Task forces are a big waste of money!

— Steve Cates

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fairmon said...

The pension plan for city employees is very liberal with an incentive to retire at an age much younger than most plans. The cost is unpredictable other than the fact it will be a major and growing future cost. Pay the fire and police better and have a defined benefits plan with a known cost. Provide meaningful work for those at an age that requires less physically demanding work until a normal retirement age. Hiring a consulting firm is good if there is an intent to follow their recommendations.

July 25, 2013 at 1:06 a.m.
inquiringmind said...

The plan should use a formula based on age and years of service and take into account any social security benefits. It should be actuarialy based.

July 26, 2013 at 10:28 a.m.
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