Vote on Chattanooga police and firefighter pension changes delayed
Days before Thursday's expected vote on Chattanooga Mayor Andy
Berke's reforms to the police and firefighter retirement plan, board
members said the vote will be postponed.
The actuaries calculating whether the proposed pension changes will
save the city $4 million to $5 million a year and significantly reduce
the city's unfunded liability haven't completed their estimates, Fire
and Police Pension Fund President Chris Willmore said Friday. He
couldn't say when the vote will take place.
Meanwhile, several police officers and firefighters, retired and
active, are attempting to mount a campaign against the reform reached by
Berke's 18-member task force after 13 hours behind closed doors on Jan.
8. The next day, Berke accepted the plan, which would hike employee
contributions by as much as 37 percent and cut cost-of-living
adjustments to save the city as much as $200 million over 26 years.