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.