There are 2 article(s) tagged city pension:

• September 2022

  • Strickland proposes return to the police, fire pension plan cut in 2014

    Mayor Jim Strickland touted the proposal, on its way to the Memphis City Council for the next budget season, as a way to retain and recruit public safety employees in the police and fire departments. For the police and fire unions, the proposal is the second part of a two-part push to restore what the City Council cut.

    By Bill Dries, Julia Baker September 28, 2022

• January 2022

  • State change in discount rate to cost city $500,000 in next fiscal year

    The state has lowered the percentage it expects to make on investments that finance pension funds. By state law, the city of Memphis must lower its discount rate as well in the spring budget season. 

    By Bill Dries January 18, 2022