14. Seattle City Employees' Retirement System
* Retirement Benefits Study
Presenter: John McCoy, Council Central Staff
Green Sheet 108-3-A-1 (http://clerk.seattle.gov/~public/budgetdocs/2011/2011-108-3-A-1-145-desc.pdf)
If you go to the link, it says the council will authorize our Retirement System to spend $250,000 to fund a study that will:
"evaluate the future costs of the employee retirement benefit and to design alternative plans for new hires that may be more affordable to employees and the taxpayers."
What? A two-tier retirement system? No way.
So while the budget committee took a lunch break, a few of us from the Fight for Fairness committee drafted a petition during our lunch hour.
You can sign it here:
We'll send the first round of signatures to City Council on Friday morning and keep the petition up until they pass the budget on November 22.
Please share link with your friends! Thanks.
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