Pensions at the City of Memphis, Shelby County and the MLGW
It is surprising the facts that you come up with when you really start digging into the various documents posted on the internet and available through open records requests. For instance what is the ratio between the number of active employees and the number of retirees on the pension system and the ratio between the number of active employees and the number of retirees on the public OPEB health care system.
Let’s look at the ratio of pensioners to active employees.
|% of pensioners to active employees||70%||51%||94%|
Shelby County is the best, MLGW is the worst. Memphis is halfway in between.
Now look at the number of retirees who are on the healthcare plan for which the MLGW pays 75% and the City of Memphis pays 70%+ and the County pays 70% to 50% depending on years of service.
|Retired employees on healthcare||4408||1770||2370|
|% of healthcare retired employees to active employees employees||70%||28%||90%|
Shelby County again is the best by a long shot. Why is this so? Many Shelby County employees are on military healthcare plans which is cheaper than the cost from the county. This is because the county tiered their premiums years ago and required retirees to be on medicare if they qualified. Also their medicare supplement plan is less rich than the city and the MLGW. There is a lesson to be learned here if they will listen.