Pension Fund Accepts Task Force's Recommendations
43 views · Published 20 February 2014 · 2:17 · Indexed 22 October 2026
Channel: WTVC NewsChannel 9 · 2014 · News & Politics
Thursday morning the Chattanooga Police Firefighter Pension Board voted unanimously to accept recommendations from a task force for changes to the pension plan. The changes are designed to save the city money in the coming years.Among the changes recommended to recover a 150-million dollar shortfall in the Pension Fund, is cutting the annual cost of living adjustment, or COLA, for retirees from 3 per cent, to 2 per cent. The recommendation now goes before Chattanooga's City Council, which will hold three readings at upcoming meetings. There has not yet been a date set to implement the changes. Depend on NewsChannel9 to bring you more details on this developing story as they come in.
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