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Solomon is in direct violation of the city charter in a number of ways. He should not be rescinding the arbitration appeal as the tier 2 language is clearly in the 2015 contract and in the tentative agreement PCR 74-15, and also in the City Code of Ordinances Section 20 from 2012 and reads as follows:
For Tier I means (a) if the member's retirement, death or disability occurs prior to January 1, 2005, the annual rate of pay equal to the average of the salaries received by the member for the period of three years of creditable service ending at the member's retirement, termination, or death, or the average salary received over the member's entire career if the member had less than three years of creditable service at the time of death or disability; or (b) if the member's retirement, death or disability occurs on or after January 1, 2005, the annual rate of pay equal to the salary received by the member for the period of the last year of creditable service ending at the member's retirement, termination, or death, or the average salary received over the member's entire career if the member had less than one year of creditable service at the time of death or disability.
(b)For Tier II means the annual rate of pay equal to the average of the salaries received by the member for the period of three years of creditable service ending at the member's retirement, termination, or death, or the average salary received over the member's entire career if the member had less than three years of creditable service at the time of death or disability.
This decision by Solomon is going to cost the taxpayers upwards of 20 million dollars. Here is the breakdown
Back pay = 2.8 million
the 2.8 million will be amortized over 20 years at $250,000 per year interest = 4 million
the additional ARC payment increases for 16 years (minimum ) at approx $700,000 per year times 16 years = 14.7 mil
Total cost to the taxpayer for not having the balls to fight the appeal - 20.5 million and that's without OPEB cost.
OOOPs Im sorry, I forgot to factor in King Solomons $450,000 savings that he projected in the absence of a fiscal note.
And here is a link to yet another official document.
https://www.warwickri.gov/sites/warwickri/files/pages/fireii_va2018.pdf
Cant wait for the debate
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