Herrity calls for review of county pension costs

Springfield District Supervisor Pat Herrity is calling for another comprehensive review of the county’s retirement systems, citing rising pension costs, growing unfunded liabilities and concerns about the long-term sustainability of employee benefits.

Herrity said the county’s pension costs have continued to rise despite reforms adopted in 2013 and 2018 that reduced retirement benefits for newly hired employees.

“For general county employees, the cost of pensions per payroll dollar was 20% in FY 2015. It increased to 33% in FY 2025 and [is] likely on its way to 40% by 2028,” Herrity wrote. “This is unsustainable.”…

Story continues

TRENDING NOW

LATEST LOCAL NEWS