The Ann Arbor Chronicle » pre-tax http://annarborchronicle.com it's like being there Wed, 26 Nov 2014 18:59:03 +0000 en-US hourly 1 http://wordpress.org/?v=3.5.2 Initial OK for Police Service Specialist Pension http://annarborchronicle.com/2011/07/18/initial-ok-for-police-service-specialist-pension/?utm_source=rss&utm_medium=rss&utm_campaign=initial-ok-for-police-service-specialist-pension http://annarborchronicle.com/2011/07/18/initial-ok-for-police-service-specialist-pension/#comments Tue, 19 Jul 2011 00:03:48 +0000 Chronicle Staff http://annarborchronicle.com/?p=67981 At its July 18, 2011 meeting, the Ann Arbor city council gave initial approval to a change in the pension system for members of its police service specialist union. The council had approved the collectively bargained changes at its June 20, 2011 meeting.

Currently union members make a 5% post-tax contribution to their pension. That will change to a 6% pre-tax contribution made by members of the police service specialist union. The change will be effective starting Aug. 14, 2011.

Because the change to the police service specialist retirement package requires altering a city ordinance, it will require a public hearing and a second, final approval by the council at a subsequent meeting.

This brief was filed from the city council’s chambers on the second floor of city hall, located at 301 E. Huron. A more detailed report will follow: [link]

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