Battle over fire pensions here mirrors larger struggle; firefighters sue to stop action
The trustees of the St. Louis firefighters' pension plan went to court today to try to stop the city from taking over the firefighters' pension. The fight between St. Louis Mayor Francis Slay and the city's firefighters over pensions is not unique. Other cities are also struggling with the rising costs of retirement benefits, as the economy slams city revenue and pension systems' investments.
