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.


75° 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

 


View politics

You may also like

Sioux Falls Mayor Presents Capital Improvement Plan to City Council

6/23/2015 6:06 PM

In all, the mayor's proposal comes in more than $556,000,000, spread out over the next five years.  Huether says this is the second largest p...

Full Story | Watch
Activists Deliver Papers To Block Election Law, Youth Wage

6/29/2015 1:31 PM

Activists attempting to block two state laws from going into effect have turned in signatures collected from thousands of South Dakotans to refer the ...

Full Story
Election Law Changes To Go Before Voters In 2016 Election

6/30/2015 7:52 AM

The office announced late Monday that sampling showed nearly 14,200 valid signatures, a few hundred more than required.

Full Story
Delegation: All Claims From 2013 Wildfire To Be Denied

6/30/2015 10:59 AM

South Dakota's congressional delegation says all residents in South Dakota and North Dakota seeking damages from the federal government for a 2013...

Full Story
South Dakota Receiving Funding For Unemployment Services

6/30/2015 6:42 AM

The services funded will help people develop re-employment plans and give them referrals to re-employment services or training.

Full Story


Events