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Chicopee officials transfer $1 million to retirement fund to begin making up $286 million in liabilities

Chicopee officials transfer $1 million to retirement fund to begin making up $286 million in liabilities
Updated 5:41 AM;
CHICOPEE Concerned about having more than $280 million in unfunded retirement liabilities, the city is starting an effort to slowly build up one of the accounts that will pay insurance for former employees.
The City Council voted 12-0 to transfer $1 million of its remaining about $6 million in the free cash account to the retirement account that pays for health, dental and life insurance, but agreed there is a lot more work to be done.
“It is basically a down payment for future expenses,” City Councilor Gary Labrie said. ....

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Chicopee Council pledges study of proposed salary increases calling pay of mayor, other elected officials 'very low'

Chicopee Council pledges study of proposed salary increases calling pay of mayor, other elected officials ‘very low’
Updated Jan 21, 2021;
CHICOPEE – The City Council voted to further study a proposal to raise annual salaries for elected officials by amounts ranging from $37,000 to $6,500, even though one member urged them to defeat it immediately because of the financial stress the COVID-19 pandemic had put on many constituents.
A year ago, Mayor John L. Vieau said he asked the Human Resources Department to do a salary study after the issue was discussed during the last election. Because of the pandemic and other problems, it only came back recently with recommendations to boost the salaries of the mayor and other elected officials, none of whom have seen a raise in nearly 13 years. ....

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