Lawmakers voted to pass a bill allowing the board of an old firefighter pension board to take over a new board established by the city after a fight years ago over costs associated with the old board. Jones also opposed a previous attempt to make the change and said she is “standing firmly” against the new bill and that “eliminating the city’s control over these costs will have drastic consequences for our budget.”
Proponents of the change have said it would save on administrative costs and put firefighters in control of investment decisions.
Since 2013, employees with more than 20 years of service or who are retired have been covered under one plan, governed by a board made up primarily by firefighter or fire union officials.
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