Officers, firefighters could pay more for pensions - WCIV-TV | ABC News 4 - Charleston News, Sports, Weather

Officers, firefighters could pay more for pensions

Posted: Updated:

COLUMBIA, S.C. (AP) - South Carolina's law enforcement officers and firefighters will likely be required next year to put more of their salaries toward retirement benefits than other public workers.

The State newspaper reports Thursday that the Public Employee Benefit Authority recommends that officers and firefighters put 7.84% of their paychecks toward their pensions starting next July. That's compared to 7.5% that teachers and workers in state and local governments will pay.

The difference for about 27,000 officers and firefighters statewide is about $126 more next year on average.

A law signed in June reforming the pension system requires all workers to pay more. But state consultants say the 7.5% is not enough to keep the Police Officers Retirement System solvent. That system is separate from the main retirement system.

Powered by WorldNow

ABCNews4 WCIV-TV

888 Allbritton Dr.
Mt. Pleasant, SC 29464
843-881-4444 | Advertising Information

Public Information File

For assistance with accessing WCIV-TV's public information file, click here.

Advertising

Advertising Credit Application and Terms and Conditions PDF.

Powered by WorldNow
All content Copyright © 2014 WCIV and Worldnow. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.