New Orleans firefighters' union votes to approve $75 million pension deal
The New Orleans firefighters' union and other members of the class-action lawsuit against the city voted overwhelmingly Thursday (Oct. 29) to accept a landmark settlement agreement with Mayor Mitch Landrieu.
The class, which includes active and retired firefighters as well as their widows, voted 350 to 115 in favor of accepting the deal, which will see the city satisfy their $75 million court judgment in exchange for pension concessions.
Nick Felton, head of the union, shared by phone the results of the vote, which took place during two closed-door meetings.
The favorable election results clear the way for Civil District Court Judge Kern Reese to bless the deal and oversee its execution.
Read more: http://www.nola.com/politics/index.ssf/2015/10/firefighters_approve_75_millio.html#incart_river_home
Cross-posted in Omaha Steve's Labor Group.