Joe Jordan | Nebraska Watchdog
OMAHA—With the city council just hours away from its up or down vote on a contract with the fire union, two candidates for mayor are stepping up their criticism of the deal.
Nabity is calling on the council to delay its vote, telling Nebraska Watchdog (see video below) that despite his long running feud with the union if elected he’ll be able to sit down and hammer out a fair deal.
Welch says the contract “violates the city charter” by forcing taxpayers to contribute nearly twice as much to the pension fund as firefighters.
Nabity’s latest complaint finds him piggy-backing on city council candidate Ed Truemper’s recent attack.
As Nebraska Watchdog first reported Truemper claims the contract’s pension provisions, which are based on an annual rate of return on investments of 8 percent, “is unrealistic.”
Nabity says 5 percent is more likely and says without adjusting the contract the city is “headed for the cliff.”
Council member Jean Stothert, who is also running for mayor and supports the contract, tells Nebraska Watchdog the 8 percent figure was set by the pension board and was not “a term of collective bargaining.” She also says that over the past 32 years the fund has grown an average of 9.4 percent a year.
Nabity says during the last five years the fund has grown only 1 percent a year making an 8 percent forecast “illogical and terribly misleading.”
According to Stothert there are parts of the contract she will push to change in the future but for now health care and pension reforms save taxpayers millions from day one.
“Responsible leaders should put the taxpayers first—ahead of their poltitical careers,” Stothert said.