Monday, March 25, 2013

Pension contributions up next year

Contributions to the county's three pension plans for the upcoming fiscal year, which begins July 1, are expected to increase by about $500,000.

Knox County's pension board will ask the administration to contribute $4.5 million to the Uniformed Officer's Pension Plan (this is actually down a little bit from the current year); $1.75 million for the old school plan, which closed in the late 1980s; and $2.5 million to the old county employee plan, which closed in 1991.

1 comment:

James Wood said...

We can only hope that things will be better again. Pension contributions will be back again on track. Fingers crossed. Thanks for the head up.
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