Lincoln Urged To Bolster Police, Fire Pension Fund

By: The Associated Press Email
By: The Associated Press Email

A consultant has again recommended that Lincoln put more money in the city police and fire pension fund to help offset investment losses.

It's the fourth year in a row that the recommendation has been made so the fund can recover from the effects of the recession.

The pension fund has contributions by police and fire employees and the city. It covers about 460 retirees or spouses. About 600 current employees will be covered eventually.

The city's funded ratio, which is a measure of pension health, dropped below 80 percent in 2012.

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WOWT NBC Omaha 3501 Farnam Street Omaha, NE 68131 (402) 346-6666
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 197802611 -
Gray Television, Inc.