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City council votes to approve pension solution

12 Dec 2018 8:46 PM | Stacy Hollingsworth (Administrator)

The city council voted to approve the pension plan proposed at last night’s meeting.

Council members voted to approve the plan as follows:

  • For: Mayor Betsy Price, Councilmembers Carlos Flores, Brian Byrd, Cary Moon, Gyna Bivens, Jungus Jordan, Dennis Shingleton and Ann Zadeh
  • Against: None
  • Present but abstained from voting: Kelly Allen Gray
  • Absent: None

The final plan that was accepted by the city council includes increasing contributions from the city and employees, eliminating service credit for future accruals of sick leave and major medical leave, and making changes to Cost of Living Adjustments (COLAs). (More detailed information on each element, and a list of frequently asked questions are being prepared for future distribution.)

Key elements of the proposed pension plan can be view here.


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