Where’s The Leadership On The City’s Pension Problem?

(Memphis) Police Director Toney Armstrong did everything by the book when he announced he was taking advantage of the golden parachute that’s provided in the city’s pension plan.

But voters were more than a little surprised at how much he’ll receive – $6,900 a month for three years, which adds up to a $250,000 check when he retires, and then those monthly payments continue for the rest of his life.

It’s exposing a larger problem of what’s really behind the city’s pension crisis.

The Informed Sources ask, where’s the leadership to address it?


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