Communities demand solutions for pension burden

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.

For the full article, click here.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

%d bloggers like this: