CHATTANOOGA, TN (Times Free Press) -
Two retired Chattanooga police officers and two retired Chattanooga firefighters filed a lawsuit in Hamilton County Chancery Court against the Chattanooga and Chattanooga Fire and Police Pension Fund after changes to pension benefits eliminated annual 3 percent cost-of-living increases for retired public safety employees.
“There are numerous other retired policemen and firefighters from the city of Chattanooga who will also be adversely affected by actions undertaken by the defendant which reduce the retirees' vested pension benefits that had previously been guaranteed to them by the city of Chattanooga,” the eight-page complaint filed by attorney, Michael Richardson, states.
Last week, a number of public safety retirees pitched in money to retain Richardson and file the lawsuit.
The lawsuit claims that the city and pension fund are breaking state and federal laws by changing the cost-of-living increases.