Fire and Police Pension Hit Another Road Block

The Macon fire and police pension plan hit another road block Monday night.

The Pension board voted 3 to 2 to disapprove the proposal by the Mayor’s administration, that would have allowed giving the fund 71-thousand dollars a month over the next 5 years, beginning in July.

The total payment would end up being 3.5-million dollars, plus 8 percent interest. The pension board had a number of concerns with this plan, they noted the fund would miss out on gained interest money from stock market increases of July 2009 until January 2011.