OMAHA, Neb. (AP) — An actuarial analysis shows the city of Omaha and its police and firefighters are putting enough into their pension fund for the first time in at least a decade.
The Omaha World-Herald reports that it has been less than a decade since the city instituted a pension reform package intended to prevent a collapse of the fire and police system. It included payments from both the city and employees as well as reduced pension benefits.
In 2010, the city was at its low point as it put in less than 44 percent of what an actuary said it should contribute to the fund. A 2015 actuarial report shows that contribution figure rose above 100 percent for the first time last year.
The city contributed $42.1 million. The actuary had determined $41.9 million was required.
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