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

By , Daily Memphian Published: January 18, 2022 3:45 PM CT

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. 

Topics

discount rate city pension Memphis City Council Doug McGowen Shirley Ford Chase Carlisle Jeff Warren

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Bill Dries

Bill Dries

Bill Dries covers city and county government and politics. He is a native Memphian and has been a reporter for more than 40 years.


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