Police, fire unions: City is 'crying wolf' over financial crisis - WMC Action News 5 - Memphis, Tennessee

Police, fire unions: City is 'crying wolf' over financial crisis

Williams says the city administration is manufacturing a crisis in order to make cuts to their employee pension plan. Williams says the city administration is manufacturing a crisis in order to make cuts to their employee pension plan.
Police and fire unions have commissioned independent studies that they say prove the city is crying wolf over a financial crisis. Police and fire unions have commissioned independent studies that they say prove the city is crying wolf over a financial crisis.

(WMC-TV) - Memphis police are fighting for their own safety and trying to secure their pension plans. Also, they are not the only public servants in the city questioning their retirement options.

Memphis leaders said the city's current pension plan is not sustainable without an increase in taxes or cuts in services.

Police and fire unions have commissioned independent studies that they say prove the city is crying wolf over a financial crisis.

"Our pension plan is sound, it has $2.1 billion in it," said Memphis Police Association president Michael Williams.

Williams says the city administration is manufacturing a crisis in order to make cuts to their employee pension plan.

"Even though they haven't contributed what they were supposed to contribute and we have brought an additional $500 million to the table, for some reason they always want to say it is the employees that are the problem," he said.

Memphis Chief Administrative officer George Little says police and fire unions are looking out for their membership as they should be, but he says they underestimate the long-term consequences of funding pensions.

"As we look at the numbers, we see a widening gap in terms of what we would owe our current retirees and well as future retirees under the plan," said Little.

The difference of opinion is also a widening gap.

On Friday, city leaders will meet with both the police and fire unions to hopefully try to work out their differences.

"What we'd like to walk away with at least is an understanding of exactly where we differ, forget about the philosophical differences ... Lets get down to the numbers," said Little.

That meeting will also include the actuaries who compiled those independent studies to make sure everyone is speaking the same financial language. Little says the city hopes to at least have a public discussion about the issue by early next month.

Copyright 2013 WMC-TV. All rights reserved.

  • News on WMCTV.comNewsMore>>

  • Man charged with murder for deadly October robbery

    Man charged with murder for deadly October robbery

    Friday, April 28 2017 3:25 PM EDT2017-04-28 19:25:16 GMT
    Corey Dendy (Source: SCSO)Corey Dendy (Source: SCSO)

    A man is charged with first-degree murder after a robbery turned deadly.

    More >>

    A man is charged with first-degree murder after a robbery turned deadly.

    More >>
  • 2017 St. Jude Dream Home helps children like Bryce

    2017 St. Jude Dream Home helps children like Bryce

    Friday, April 28 2017 3:19 PM EDT2017-04-28 19:19:28 GMT
    Bryce and his father (Source: St. Jude)Bryce and his father (Source: St. Jude)

    St. Jude's Dream Home fundraiser is one of the main ways the children's research hospital raises money every year, so the hospital can save children and help families.

    More >>

    St. Jude's Dream Home fundraiser is one of the main ways the children's research hospital raises money every year, so the hospital can save children and help families.

    More >>
  • Man accused of killing MPD officer changes plea to federal charges

    Man accused of killing MPD officer changes plea to federal charges

    Friday, April 28 2017 2:44 PM EDT2017-04-28 18:44:24 GMT
    Tremaine Wilbourn (Source: MPD)Tremaine Wilbourn (Source: MPD)

    An ex-convict facing federal charges in the fatal shooting of a Tennessee police officer has changed his plea to guilty.

    More >>

    An ex-convict facing federal charges in the fatal shooting of a Tennessee police officer has changed his plea to guilty.

    More >>
Powered by Frankly