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Pensions Under Attack

We are in an era that may well be remembered for the most serious assaults on public pensions in the nation’s history. Every day, we see news headlines taking aim at public employee pensions, calling these plans grossly generous and accusing unions of plundering state coffers. But we know that pensions are not padded gifts from employers, but rather deferred wages earned and owned by fire fighters and designed to provide for them and their families when they are no longer on the job. It’s time to fight the attacks on public pensions and debunk the critics.

The IAFF and our Committee on Pensions and Health Care are currently developing an online resource of tools our affiliates can use to fight back and stop the beatings on pensions. 
In addition, we’re writing and publishing a Pension Handbook that will help affiliate leaders better understand pension basics, including the distinction between defined benefit plans and defined contribution plans. This Handbook will be a great resource for affiliate leaders to educate themselves on the fundamental aspects of pensionsFinally, we have conducted a survey of all fire fighter pension plans in both the United States and Canada and are compiling the results, which include valuable information on benefit formulas, retirement age, funding levels and cost-of-living adjustments. The information will be available to affiliate leaders through the IAFF web site 

We cannot afford to be complacent or unprepared to fight off these challenges. If we fail, IAFF members, their families and future generations of professional fire fighters will pay the price because reversing the damage will be difficult, perhaps impossible.

Comments (2) -

  • Lanny Wilson L3101

    5/16/2010 2:38:07 PM |

    State of Florida is lowering our Pension FRS
    "Drop Savings Money" from 6.5%  to 3.0% {apr}
    effective July 1,2010. That is a great
    reduction. The State did this on the last
    day of the session, not giving much time
    for those of us that are going on the drop
    July 1,2010 to make new plans. I know it could
    be worse and is in many departments.

  • Joe Miller L0341

    5/18/2010 9:16:23 AM |

    I do not understand somthing. Why are you suprised?
    Our IAFF continuously endorses and supports the very legislators that attack our pension systems to pay for thier irresponsible spending programs. The legislators are only interested in our voting for them, they will tell us anything, then vote against our benefits to pay for thier liberal programs. As long as members continue to vote them in, the result will be the same. We lose.

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