This week, I wrote about the local pension problem, and a new pension reform coalition.
If you’ve paid property taxes in Springfield, you’ve contributed to a police officer or firefighter’s pension fund.
According to Mayor Tim Davlin, almost 100 percent of property taxes collected in Springfield go to police and fire pensions. In accordance with state law, the city’s public safety employees receive retirement funds, which can total up to 75 percent of their final pay rate if they retire at age 50 and have held the job for a minimum of 30 years.
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