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Grand Junction council OKs scheduled increase to police and fire retirement contributions
Summary
The City Council adopted an ordinance to raise employer contributions for public safety retirement plans to align police 401(a) contributions with the Fire and Police Pension Association schedule, moving police contributions to 11% this year as part of a phased increase to 13% by 2030.
The Grand Junction City Council on final passage approved an ordinance to increase the city’s employer contributions to public safety retirement plans, aligning police 401(a) contributions with the schedule used by the Fire and Police Pension Association (FPPA).
Shelley Caskey, the staff presenter, told council the change is intended to "maintain alignment across the two"…
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