Warning that it would be “fiscally irresponsible,” Mayor Lyda Krewson on Thursday vetoed a bill that would return supervision of all city Fire Department pensions to a firefighter-controlled board.
The Board of Aldermen earlier this month approved the bill despite warnings from Comptroller Darlene Green, Budget Director Paul Payne and others that the measure would reverse some reforms enacted in 2012 that put a check on the city’s pension liabilities.
Krewson, in her veto message to aldermen, said she shared those concerns.
Author(s): Mark Schlinkmann
Publication Date: 25 February 2021
Publication Site: St. Louis Post-Dispatch