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.


41° 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!

 

Fiscal Committee Discusses Pension Options

May 1, 2012, 6:27 PM by Kelly Bartnick

Fiscal Committee Discusses Pension Options
SIOUX FALLS, SD -

Pensions of hundreds of Sioux falls city employees are up in the air.

The city did a yearlong study in 2011 to figure out how they can save money in the pension system.  The fiscal committee talked more about the options Tuesday afternoon.

They've come up with several recommendations so far and have talked about them over the past few months.

Tuesday, they focused specifically on new hires.  In this plan, the new hires would be diverted into a separate plan.  That hinges on two alternatives; one would be a city-run plan and the other would be South Dakota State Retirement plan.

About 470 other entities in the state already use the state's plan.  Sioux Falls doesn't because its plan existed before the state's plan.

There are estimates the city could save between $30 million and $100 million over 30 years trimming new hire benefits..

No decisions have been made yet.  The city council will make the final recommendation based on the fiscal committee's work.

Previous Story

Next Story


Comments







 
Find Local Businesses on KELO Pages!

View politics

You may also like

Stephen Colbert Focuses On South Dakota's U.S. Senate Race

10/14/2014 4:03 PM

The U.S. Senate race in South Dakota is getting more national attention.

Full Story
Governor's Chief Of Staff Is Leaving Office

10/15/2014 10:32 AM

Gov. Dennis Daugaard announced today that his chief of staff Dusty Johnson will leave state government next month.

Full Story
Thune Calls For West Africa Travel Ban Over Ebola

10/15/2014 3:59 PM

South Dakota Sen. John Thune says the U.S. should ban travelers from three West African countries where an Ebola epidemic is spreading.

Full Story
Pressler Endorsed By 1970s Abscam Sting FBI Agent

10/15/2014 2:05 PM

U.S. Senate hopeful Larry Pressler has been endorsed by the lead supervisor of the 1970s Abscam investigation that led to the convictions of some memb...

Full Story
A Look Back at 2006 Gay Marriage Ban

10/16/2014 10:00 PM

Arguments begin in a hearing for the State's request to drop a lawsuit from six couples, challenging the amendment that bans gay marriage.

Full Story | Watch


Events