Metro Council will address firefighter settlement at next meeting on Thursday, April 5th
Wednesday March 28, 2012
For Immediate Release:
Louisville Metro Council
Contact: Tony Hyatt 574-4137/526-3622
Stephen Haag 574-1204/645-1752
President Jim King (D-10) announced there will be no special meeting of the Metro Council on Thursday, March 29th following discussions with the Kentucky Employee Retirement System.
“We were able to obtain an extension from KERS on the proposed firefighter settlement so we will now be able to vote it at our regular meeting on April 5th,” said King. “The past week has allowed us to gain a better understanding on the need for this payment as it affects future city budgets and benefits to our retirees in this system. The Council will be reviewing our options to make this settlement.”
At question is a $10.8 million penalty to the County Employee Retirement System following the settlement of the firefighter lawsuit with Metro government. CERS is part of KERS and the Council has a proposed ordinance
This week, the President along with Council members Kelly Downard (R-16) and Jerry Miller (D-19) met with KERS officials to review the city’s deadline and discuss acceptable payment options.
The Council’s Budget Committee approved amendments to the ordinance which offers a proposed payment schedule for KERS for the penalty as well as clarifying language for the payment. The Committee voted to move the ordinance on to the Metro Council.
The Council will meet at 6:00pm on April 5th.