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Firefighters union official: Problems with cookie-cutter approach to pension reform

BY PHIL SIPE Published: November 24, 2012

In spite of new language from the Government Accounting Standards Board, these new standards aren't a federal mandate, and there is no evidence these new standards will impose any additional financial liability on municipalities beyond their required pension contributions or affect their bond rating in any way.

The Oklahoma Municipal League has always had a seat at the table when discussing pension reform; in fact it has two appointed positions on the firefighters' pension board and was well aware of reform measures being proposed by firefighters last year. We absolutely agree that this is a “complicated issue.” That's all the more reason we should consider all relevant factors as a part of our conversation. While we fight hard for the lives of others, we hope you understand why we are fighting hard for our own.

Sipe is president of the Oklahoma City Firefighters Association, IAFF Local 157.