City Closer To Taking Control Of Firefighter’s Pension Fund
ST. LOUIS,MO (KTVI)– St. Louis city may be a step closer to taking control of the firefighter’s pension fund.
In a 19-8 vote the board of aldermen passed a measure this morning allowing to withdraw from its current pension deal with firefighters.
However, they can’t do it until the aldermen agree on a new plan to replace the current one. Right now sponsors for the bill say 1/3 of the fire department`s budget is going to pensions. Mayor Slay`s office calls this a step toward better government, while firefighters and other opponents say it does nothing but get the city sued.
The complicating factor is a local control issue.
Firefighters and state lawmakers insist Jefferson City`s approval is required to make changes to the pension.
There is a bill in the system there to reform the system that firefighters support.