Council approves conversion of police and fire pension to city-administered plan
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Summary
The council voted to convert the Tuscaloosa Police and Fire Pension Plan to a City of Tuscaloosa plan administered by the Employees' Retirement Systems of Alabama; councilors praised staff and finance for securing funding to complete the transition.
The Tuscaloosa City Council adopted a resolution approving conversion of the Tuscaloosa Police and Fire Pension Plan to a City of Tuscaloosa plan administered by the Employees' Retirement Systems of Alabama.
A council member who moved the resolution described the action as 'huge for the city of Tuscaloosa,' thanked staff and finance leadership for identifying funding, and urged public-safety officers to review the change. The council moved, seconded and approved the resolution by voice vote.
Why it matters: converting the plan changes the pension administration for public-safety employees and moves plan administration to the statewide Employees' Retirement Systems of Alabama, which has operational and actuarial implications for benefits administration and city budgeting.
What’s next: staff and the city’s finance team will finalize implementation steps and inform affected members, as required by the resolution and applicable retirement-system procedures.
