published Friday, February 7th, 2014

Chattanooga Mayor Andy Berke's pension task force to have final meeting next week

Chattanooga Mayor Andy Berke's 18-member pension task force will meet for the last time on Wednesday to outline the changes to the police and firefighters retirement plan.

The meeting, which is scheduled for 5 p.m. on Wednesday at the public library, will give employees the chance to ask questions and review the plan that will hike their contributions by as much as 37 percent and cut retirees cost-of-living adjustments.

Officials will also reveal the actuarial findings of the pension reform, which Berke's Chief of Staff Travis McDonough said are in line with what the task force estimated.

Berke accepted the plan from his task force on Jan. 10 after 13-hour negotiations the day before behind closed doors. The plan is expected to save the city $4 to $5 million in annual contributions.

After the task force meets, the Fire and Police Pension Board will vote on the changes at their upcoming board meeting.

about Joy Lukachick Smith...

Joy Lukachick Smith is the city government reporter for the Chattanooga Times Free Press. Since 2009, she's covered crime and court systems in North Georgia and rural Tennessee, landed an exclusive in-prison interview with a former cop convicted of killing his wife, exposed impropriety in an FBI-led, child-sex online sting and exposed corruption in government agencies. Earlier this year, Smith won the Malcolm Law Memorial Award for Investigative Reporting. She also won first place in ...

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