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October 22, 2014, 10:28 am
970 WMAY News

Police Union Agrees With Alderman On Pension Funding Concerns


The head of Springfield’s police union says a Springfield alderman is correct in the concerns he raises about police pensions… but not about his proposed solutions. 

 

Union president Don Edwards agrees with Alderman Joe McMenamin that the city has been underestimating the rate of return on pension fund investments, which results in the city paying less than it should to support future pension payments. 

 

But Edwards rejects McMenamin’s call for a wage freeze in the police contract.  He says the estimate on rate of return is an administration issue, not a contract issue, and has nothing to do with the need to pay cops fairly.

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