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.
St. Louis city firefighters took their objections to pension reform proposals from Mayor Francis Slay to City Hall on Friday, the day the legislation making the changes was formally introduced.
Firefighters say they don't object to the cost-saving proposals in the bills, including reduced disability payments for firefighters who can be retrained for a second career, and a two-tier system that could reduce pension benefits for new hires.
Updated at 12:20 p.m. with comments from the firefighters union.
Updated at 3:55 p.m. with timeframe, and more comments from Mayor Slay and the union.
Saying the current system is financially unsustainable and could result in huge reductions to city services, Mayor Francis Slay has officially unveiled his plan to change pensions for the St. Louis city firefighters.
Illinois Gov. Pat Quinn is urging legislative leaders to name lawmakers to a group set up to reform the state's ailing pension system.
Quinn's letter to leaders of the House and Senate says he wants the panel to start working with a top aide on his staff to craft fixes for a system of retirement benefits for state workers that's underfunded by $85 billion.
The letter says it is "critical that we work together this spring" to make the changes.