STL Police Could Lose 60 Officers, Proposes “Historic” Pension Changes

[The Straight Story]

ST. LOUIS, MO (KMOX)-St. Louis Police Chief Dan Isom today proposed a budget that spends $2.5 million more than the city is appropriating for the department, and warned that he’d likely have to lose 60 officers through attrition to make up the difference.

Isom says 88% of the $163,119,109 spending plan consists of salaries, and the only way the department can achieve the city’s allocation is through staff reductions.

Isom also told the Police Board that $23,479,109 comes from pension plan payments. Moments later the board approved a motion urging the state legislature to approve changes in the pension plan, negotiated by the department and the plan’s board of trustees.

“These are historic changes to our pension system”, Isom tells KMOX. As for their impact, Isom says, ”They are very significant in the first and as you can imagine as you move out there are going to be more and more savings.”

http://stlouis.cbslocal.com/2011/02/16/stl-police-could-lose-60-officers-proposes-historic-pension-changes/

[annabanana]

1. I ownder what St. Louis will think of that. . . . n/t

[onethatcares]

2. I wonder if the board members get a city pension

and if they cut their own benefits to adjust to the new fiscal realities.