By Nicolas J.C. Pistor
St. Louis Post-Dispatch
ST. LOUIS, Mo. — A judge upheld on Monday the city’s overhaul of the firefighter’s pension plan.
The Firemen’s Retirement System sued the city in January asking St. Louis Judge Robert Dierker to block fixes made to Mayor Francis Slay’s firefighter pension reform plan passed by the Board of Aldermen. The bill restored some retirement benefits that had been cut for vested firefighters, but created a new, parallel system for new and younger firefighters, giving them reduced benefits.
If it stands, the ruling means firefighters with less than 20 years of service will see reduced benefits. Dierker stated that the city will save $4 million in the first year.
Full story: Judge upholds city’s overhaul of firefighter pension plan