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Tag: irs

04 Feb

What Pension Transparency Looks Like, and Why It Matters

Ed Ross Campaign Blog
Public trust in local government depends on access to information, especially when that information concerns public pension plans. These plans affect taxpayers, employees, retirees, and long-term municipal obligations, yet the documents underlying them are often…
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09 Jan

The Troy-Who-Ville Pension Caper: How an IRS Letter No One Has Seen Erased a Promise Everyone Earned

Ed Ross Campaign Blog
In the town of Troy-Who-Ville, where stories run deep,City Hall spun a tale they hoped neighbors would keep.So I wrote my own version, with rhyme, truth, and art,A 16-page adventure that comes straight from the…
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07 Jan

HELP WANTED: FIND THE MYSTERIOUS IRS LETTER 🕵️‍♂️📄

Ed Ross Campaign Blog
Attention, citizens of Troy: The City relied on a very important IRS letter, one that apparently does not exist, to justify taking away firefighter pensions. So far, this elusive document has managed to avoid: 2…
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07 Jan

The Interview That Broke Trust: What Troy Learned in 12 Minutes on the Radio

Ed Ross Campaign Blog
Three years ago, almost to the day, I went on the radio for the first time in my life. I wasn’t a politician.I wasn’t media-trained.I wasn’t trying to score points. I was just a firefighter…
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19 Dec

The IRS Didn’t Kill Troy’s Firefighter Incentive Plan: City Hall Did, And the Record Proves It

Ed Ross Campaign Blog
For more than two years, Troy officials have repeated the same story to residents, reporters, and firefighters. The IRS made us do it.The plan was illegal.There were no other options.Firefighters were made whole. Every part…
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15 Dec

Clawson Didn’t Just Prove Troy Wrong, It Shows Exactly How Troy Could Have Done This

Ed Ross Campaign Blog
In my previous article, I laid out why Troy City Council's repeated claim, that "the IRS made us" eliminate the Volunteer Firefighter Incentive Program, is not supported by the record. The IRS did not ban…
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15 Dec

Troy Didn’t “Have to” Do This: How City Hall Misled Firefighters and Residents, and What Clawson Proves

Ed Ross Campaign Blog
For over 85 years, Troy relied on volunteer firefighters to protect our families, our businesses, and our neighborhoods. Then City Hall took a sledgehammer to the very tool that kept the volunteer system alive, the…
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13 Dec

The IRS Letter, Vesting, and the Very Convenient Story We’ve Been Told

Ed Ross Campaign Blog
For years, the City of Troy has justified eliminating the former firefighter incentive plan by pointing to an IRS determination letter that allegedly required the plan to go away. It's a powerful claim: Federal mandate.…
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12 Dec

📨The IRS Letter That No One Is Allowed to See

Ed Ross Campaign Blog
SPOILER ALERT As of 2021, Troy’s pension fund was approximately 56% funded, leaving the city with an estimated $11.6 million unfunded liability, a liability the city likely knew it could not fully fund under the…
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30 Nov

🚨 A Quarter of Troy’s Firefighters Left and Most Residents Never Heard the Story

Ed Ross Campaign Blog
When the city removed the firefighter pension incentive, 34 firefighters left the department and only 100 of them remained to protect our 87,000 residents. In any other American city this size, losing 25% of a…
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16 Nov

Troy Should Follow Clawson’s Lead, Restore What Was Taken From Our Firefighters

Ed Ross Campaign Blog
Troy used to have a plan, a good one. A firefighter incentive that rewarded years of service, honored the sacrifices made on every call, and recognized the reality of what it means to be a…
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