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.
Joy Lukachick is the city government reporter for the Chattanooga Times Free Press Since 2009, she's covered breaking news, high-profile trials, stories of lost lives and of regained hope and done investigative work. Raised near the Bayou, Joy’s hometown is along the outskirts of Baton Rouge, La. She has a bachelor’s degree in mass communication from Louisiana State University. While at LSU, Joy was a staff writer for the Daily Reveille. When Joy isn't chasing ...