June 01, 2005 - Crestwood City Administrator Don Greer's two-year restructuring plan to stabilize the city's fiscal woes with more than $1.2 million in reductions will be the focus of a Board of Aldermen work session later this month.
The work session will take place at 6 p.m. Tuesday, June 14, at City Hall, 1 Det-jen Drive.
Greer told aldermen last week that he had completed work on his restructuring plan.
Part of that plan, he said, included increasing the benefit level for employee pensions. The city participates in the Missouri Local Government Employees Retirement System.
In a memorandum he read to the board, Greer explained, "This is being recommended for consideration as part of the longer term plan to reduce our operating expenses by encouraging retirement for a window of two years. This reduction through attrition has the potential to affect as many as 18 employees during the next two years and is designed to assist in restructuring operating departments and reducing wages and related
benefits without necessitating those reductions through other means.''
But some aldermen expressed concerns about adopting the ordinance approving the changes to the pension benefits without knowing the specifics of Greer's restructuring plan. Aldermen voted unanimously May 24 to table the ordinance until after the June 14 work session.