User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


40° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Share your Photos, Videos, and Stories on uShare! Click here to get started.

KELOLAND.com | Sioux Falls News & Weather, South Dakota News & Weather, Minnesota and Iowa News

[0] My Saved Articles
Back to all news

Politics

Find local businesses
on the KELO Pages!

 

Sioux Falls Pension Plan Revisions Now Up To Employees

July 10, 2012, 10:32 PM by Kelly Bartnick

SIOUX FALLS, SD -

The Sioux Falls City Council approved employee pension plan revisions Tuesday night designed to eventually get the city out of the retirement business.

Under the proposal new employees would receive retirement benefits from the South Dakota retirement system.

Current Sioux Falls employees would remain on the system, but would see their monthly contributions increase by two percent over two years beginning in 2014. Current employees would also be given a stipend system to pay for retirement health care.

Benefits for current Sioux Falls retirees will stay the same.

The changes have been in the works for 18 months. While the proposal has been approved by the city council, it must also be approved by city employees.

Employee union representatives at the city council meeting said it would be a tough sell to public safety workers who have operated under minimal raises, if any.

This article has been revised to reflect the following correction:
This story was corrected to reflect that new employees will not be eligible for a health care stipend.

Previous Story

Next Story


Comments





Sponsored
Find Local Businesses on KELO Pages!

View politics

You may also like

State Lawmaker Married A Day Before Heading To Legislature

1/19/2015 2:59 PM

Not many South Dakotans spend their honeymoon at the state Capitol.

Full Story
Congressional Delegation Reacts To Obama's Speech

1/21/2015 6:23 AM

Members of South Dakota's all-Republican congressional delegation say ideas presented by Democratic President Barack Obama in his State of the Uni...

Full Story
North Dakota Senator Invites Couple To State Of Union

1/20/2015 10:20 AM

Each senator gets one ticket for a guest, and Minnesota Rep. Collin Peterson gave Heitkamp his ticket so she could invite both husband and wife.

Full Story
Republican Senators Want To Phase Out Social Security Tax

1/20/2015 1:38 PM

Minnesota is one of just seven states that apply an income tax to Social Security. Seniors who make less than $25,000 a year are exempt.

Full Story
U.S. House GOP Abruptly Drops Vote On Abortion Bill

1/22/2015 6:20 AM

Republican leaders were forced late Wednesday to abruptly drop plans for House debate of legislation criminalizing most abortions after 20 weeks of pr...

Full Story


Events