City puts $2M toward police, fire retirement system; interest goes to beneficiaries
The City of Fort Smith has dedicated an additional $2 million to the state’s police and fire retirement payments to generate money to help support retired public servants. The additional money is expected to yield between 7%-10% interest, or $140,000-$200,000 annually, back to the city, according to Deputy City Administrator Jeff Dingman. This money will help pay retirement for …
City puts $2M toward police, fire retirement system; interest goes to beneficiaries Read More »