City Council Told That Fire And Police Pension To Cost $14.4 Million This Year; Consultants Hired To Study Fund

Tuesday, July 23, 2013

The City Council was told Tuesday that the fire and police pension fund will cost $14.4 million in the upcoming budget.

Travis McDonough, chief of staff to Mayor Andy Berke, said that amount is up $2.1 million from the previous year.

He said if reforms are not taken "it will be up $1 million the year after that, and the year after that, and on and on."

"It is time to address the issue squarely on," he said.

The city is hiring consultants out of Philadelphia to help bring changes to the fund. Public Financial Management will be paid $90,500, plus expenses.

Mr. McDonough said the same group recently helped the city of Lexington, Ky., reduce its unfunded pension liabilities by 45 percent. 

He said Mayor Berke and his staff have been holding numerous meetings on the pension issue, including numerous sessions with the Fire and Police Pension Board.

He said there is agreement that changes need to be made that will continue to attract fire and police personnel to have long careers with the city, while at the same time "being responsible to the taxpayers."

Mr. McDonough said members of a task force on the issue will be announced soon. He said it will include current and retired fire and police personnel as well as community members.


Terry Knowles, president of the Fire and Police Pension board, said, “While this was not our preferred method to address the City’s concerns with our Fund, the Board looks forward to working with the Task Force and participating in these important discussions about our Plan and the impact possible changes will have on Police Officers, Firefighters and their families. 

"The Board has asked for greater representation on the Task Force to ensure this process is a collaborative effort that operates in an open, transparent and fair manner rather than one with a predefined outcome. I strongly believe this is the right position to have, especially given how city administrators have already indicated a fundamental bias against certain features of the Plan, including the DROP, cost-of-living adjustment and 25-year retirement.”



Latest Hamilton County Jail Booking Report - And Mug Shots

Here is the latest jail booking report from Hamilton County: BATES, AMY LYNN 5924 PORTER DR HARRISON, 37341 29 Chattanooga DRUGS GENERAL CATEGORY FOR RESALE POSSESSION OF DRUG PARAPHERNALIA THEFT OF PROPERTY BOWLING, JERMICHAEL DEJUAN 5400 CENTRAL AVENUE CHATTANOOGA, 37404 34 Chattanooga Booked for Previous Charges or Other Reason(s) BRYSON, ... (click for more)

PHOTOS: Halloween On Raccoon Trail

A Vote For Education Is Critical In Tennessee

In a state where just 28 percent of eighth graders are proficient in math and 33 percent are proficient in reading according to national assessments, education is deserving of more attention in 2014 elections. Across the country, more parents are making informed decisions about their child’s education, but for Volunteer State parents without resources, choices are difficult to come ... (click for more)

Roy Exum: My Garden In November

As the first day of November arrives today, it is cold enough in my garden to officially certify that fall has fell! There are even signs of ice on the ground but there is a bounty crop of acorns so, in keeping with our monthly tradition, some will get shiny acorns and others will get a chunk of cold ice: A SHINY ACORN for Patriots football coach Bill Belichick for scoffing at ... (click for more)

GPS Advances To Division IIAA Soccer Championship

MURFREESBORO - GPS defeated Brentwood Academy 3-0 to advance to the finals of the TSSAA Division II-AA soccer tournament.   The Bruisers scored one first half goal in the 38th minute off the foot of senior Lindsay Rufolo.   Fourteen minutes into the second half Emily Large added the first of two insurance goals. Six minutes later at the 60-minute mark Catherine ... (click for more)

Hixson Clinches 6-AA Title With Shutout Over Brainerd

Just about any coach will tell you that winning ugly is always better than winning pretty. Such was the case at Hixson Community Stadium on a frigid Halloween night as the host Wildcats finished off their regular season with a 19-0 win over the Brainerd Panthers. Hixson improves to 8-2 overall and 6-0 in District 6-AA while Brainerd is now 3-7 overall and 3-3 in 6-AA. It ... (click for more)