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BG City Commission in Disagreement over Retirement Plan

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Updated: Wed 12:18 AM, Aug 15, 2012

You can't just stop funding a retirement plan. I guess there are some who do, the city of Bowling Green, I don't believe is ever going to do that," said Bowling Green City Commission Brian 'Slim' Nash.

The Bowling Green City Commission doesn't plan to cut funding for the retirement plan, in fact, in their most recent meeting they approved money for it, but not an approval of a cost of living increase.

Those in the plan are asking for a 3.5 percent increase.

However, city officials are on different pages as far as a cost of living increase goes.

"Traditionally, the city has been able to provide a cost of living increase, but at this point we're at that level, where we're becoming an at risk fund. It's important to me the fund be available throughout the remainder of the employees retirement," said Bowling Green Mayor Bruce Wilkerson.

The plan is not self funded by city employees because it hasn't been used since the 80's, and now you the taxpayer help pay for it.

Nash is in favor of an increase, just not 3.5 percent.

"I think it's tough economic times. I think there are a lot of tax payers out there who haven't seen a cost of living increase in their own world, and so, sometimes I don't think you can have everything you want, but you can have something," said Wilkerson.

Wilkerson said he's looking at the bigger picture in hopes to keep this plan funded.

"Trying to protect the fund itself, to ensure those funds are available throughout the remainder of their retirees retirement the rest of their life," said Wilkerson.

The issue will likely come up again at next week's commission meeting.

The city funded $400,00 already this year without the cost of living increase.

Mayor Wilkerson says the fund is at about 80 percent, and if it drops below that mark that's when it becomes an at risk fund.


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