St. Louis Police department avoids layoffs
After some budget restructuring by chief Dan Isom, the St. Louis Police Department will not have to lay off any police officers, the City of St. Louis announced today via a press release from the mayor's office.
Previously, it was reported that the Police Retirement System will saddle increasing costs, with layoffs as a feared consequence if budget restructuring did not happen.
The city press release also states that the PRS "has proposed changes to reduce future pension fund cost increases" and, because the cost increase of the Employee Retirement System is smaller than that of the police, "the City does not anticipate a large number of layoffs with civilians."
Here's a breakdown of the FY 2012 increases in pensions for two of the city's employee groups:
- Employees Retirement System (4,750 employees), $1.7 million cost increase, $360 per employee
- Police Retirement System (1,342 employees), $2.5 million cost increase, $1,863 per employee
Numbers via City of St. Louis Mayor's Office