Contributions to the county's three pension plans for the upcoming fiscal year, which begins July 1, are expected to increase by about $500,000.
Knox County's pension board will ask the administration to contribute $4.5 million to the Uniformed Officer's Pension Plan (this is actually down a little bit from the current year); $1.75 million for the old school plan, which closed in the late 1980s; and $2.5 million to the old county employee plan, which closed in 1991.
We can only hope that things will be better again. Pension contributions will be back again on track. Fingers crossed. Thanks for the head up.
ReplyDeletetop annuity rates