The bill would not go as far as a proposal made by Mayor Francis Slay: Among the differences, Slay’s plan would have all firefighters put 9 percent of their salaries into the system, and new hires would not get any of that money back upon retirement. The bill in the State House would have new firefighters put in 8 percent, and upon retirement would get back 25 percent of what they paid in. F.I.R.E. Chairman and St. Louis firefighter Abram Pruitt, Junior, traveled to Jefferson City to support the bill.
The dispute over the best way to reduce the cost of firefighter pensions in the city of St. Louis continued on Friday, with Lewis Reed, the president of the Board of Aldermen, laying out his plan.
Reed, whose Twitter feed tracked the progress of a Thursday late-night meeting among himself, firefighters, and selected aldermen, says his plan will reduce the city's required contribution into the Fireman's Retirement System for next year by $7.6 million. Reed unveiled the plan at a City Hall news conference Friday.