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Massena village retirement costs increasing nearly 10 percent for cops, firefighters, 1.4 percent for everyone else

Posted 10/20/16

By ANDY GARDNER MASSENA -- The village’s state retirement payments are going up. The police and fire retirement will cost $505,116, a 9.4 percent increase. The employees’ retirement will cost …

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Massena village retirement costs increasing nearly 10 percent for cops, firefighters, 1.4 percent for everyone else

Posted

By ANDY GARDNER

MASSENA -- The village’s state retirement payments are going up.

The police and fire retirement will cost $505,116, a 9.4 percent increase.

The employees’ retirement will cost $466,571, a 1.4 percent hike, Village Treasurer Julie Sharlow told the Board of Trustees on Tuesday.

She said those numbers are based on a salary base for April 1, 2017 through March 31, 2018 and are subject to change according to the state retirement system.