Firefighters endorse Reed
Reed gets Local 73.
Despite the fact that the city pension funds are already underfunded by more than 30 million dollars, Lewis Reed sponsored a pension increase for firefighters this year. Very bad public policy, but I guess it's good politics since it got him the firefighters' union endorsement.
Posted by Will on Thu., Dec 14, 2006 at 1:00 PMWill, what is the source for that? I don't doubt you, population loss municipalities large and small, are going to meet a trainwreck when the pensions come due. What government authority is supposed to be watching out for this kind of thing?
Posted by notacpa on Thu., Dec 14, 2006 at 1:11 PMThat figure has been cited by the City Budget Division based on actuarial studies of the three city pension systems.
Posted by Will on Thu., Dec 14, 2006 at 3:08 PMI heard that the vote was unrelated to pension or any other issues--supposedly Shrewsbury got into an argument with Local 73's Executive Board about something he did years ago. Members said Shrewsbury lost his cool and yelled at one of the members during his endorsement interview. Firefighters decided that was amateur mistake and decided to go with Reed.
That's what I heard.
Posted by bridget on Thu., Dec 14, 2006 at 4:43 PMLocal 73 did not endorse Shrewsbury for board president when he ran before and he won without them.
Posted by carmen on Thu., Dec 14, 2006 at 11:13 PMWill, what board bill relating to the fire fighter retirement system are you talking about? I cannot locate it.
All, there is a different board of trustees for each of the city's three pension systems, plus the civil service commission. The fire fighters and police systems each have their own chapters in Missouri Statutes. Some of the fire fighter city ordinances mirror state law word for word. The state legislature and governor run our police department, we just pay the bills. There's a pension task force and a court case. It's not like an alderman can act on his own in pension matters.
frs-stl.org - 4 elected by membership (3 active, 1 retired), 2 appointed by mayor, 2 ex officio (Fire Chief, Comptroller)
www.stlouisprs.org
stlcin.missouri.org/retirement
"Local 73 did not endorse Shrewsbury for board president when he ran before and he won without them."
True, but Local 73 did not endorse the other candidate in that race. Right?
Posted by publiceye on Fri., Dec 15, 2006 at 2:09 PM
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