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04-19-2010, 11:09 AM
How about this to lower the 12.8% we pay for our retirement.

Combine the Police & Fire retirements.

The Fire gets a 2% Cola and keep their contribution at its current level or pay maybe 1-2% more.

The Police get a reduction in their 12.8% contribution to a lower level.

No clue if combining the retirements will actually lower our contribution, a actuarial study will have to be done to see what a merger offers.

We both win if it lowers our contribution.

04-21-2010, 12:28 AM
How many years do you guys have to work and whats the % you get. 12 % a check sounds like highway robbery!

12-19-2010, 03:34 PM
QUIT WHINNING YOUR 12.8% IS NOTHING COMPAIRED TO THE 3.5 PER YEAR YOU WILL EARN IN YOUR RETIREMENT PLUS A COLA WHEN IT CLIMBS. THAT'S THE WAY IT WORKS LIVE WITH IT AND MOVE ON.....................

12-29-2010, 02:19 AM
QUIT WHINNING YOUR 12.8% IS NOTHING COMPAIRED TO THE 3.5 PER YEAR YOU WILL EARN IN YOUR RETIREMENT PLUS A COLA WHEN IT CLIMBS. THAT'S THE WAY IT WORKS LIVE WITH IT AND MOVE ON.....................

The Shield, your an a$$hole.

Unregistered
01-13-2019, 09:40 PM
~12-13% is in line with the FRS which collects 3% from employees and 11% from employers to fund the pension. SPPD has a similar pension structure. There is no free lunch so if you want the pension contribution reduced the pension has to be reduced as well.