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ELECTION 2012: Knoxville's Pension Plan Question

As early voting in Tennessee gets underway, Knoxville voters will cast ballots that could change the city charter. At issue: the pension plan for city workers. Knoxville Mayor Madeline Rogero has proposed what she calls a "hybrid" pension plan. It would apply to any employee hired after January 1, 2013, and would close the current pension plan. Changes will include a rise in retirement age and an increase in the pension vesting period (from 5 years to 10 years). The new plan would also put limits on defined benefits, or those benefits guaranteed by the city. Currently, there are no limits on those benefits, and there’s no contribution option, like a 401k. The new plan would add that option.

But the hybrid pension plan does have critics, like Greg Johnson, a financial advisor and opinion columnist for the Knoxville News Sentinel.  

WUOT's Morning Edition host Chrissy Keuper spoke with both Johnson and Rogero about the plan.

Madeline Rogero

Chrissy is WUOT's News Director, as well as host of monthly talk show Dialogue. Her first job with the station was as a weekend student announcer while earning her bachelor's in Anthropology from the University of Tennessee. From 2004 to 2015, she served as the station's local host for Morning Edition. In 2019, she returned to the station as the local host for All Things Considered.