St. Louis Aldermen Back Firefighter Pension Cuts
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ST. LOUIS (KMOX) – St. Louis city aldermen are a step closer to changing the pension plan for firefighters.
The St. Louis Post Dispatch reports the board on Friday gave tentative approval to the plan. It’s expected to come up for final aldermanic approval next week.
Under the proposal, firefighters already retired would see no change in benefits.
Current firefighters would pay an extra one percent of their salaries into the pension fund, and would have to work until the age of 55 to avoid early retirement penalties.
There would be some reductions in disability benefits, but the families of firefighters killed on duty would see an increase in benefits.